Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (13128)	4/21/1999 8:42:00 PM
From: Ron Ohio	Respond to of 26039

Here is something I found and I don't know if was mentioned. Date: 04/13 08:24 EST IBG Conducts Biometric Study on Behalf of Chase, Citibank and Visa NEW YORK (April 13) BUSINESS WIRE -April 13, 1999--International Biometric Group announced today that it has completed its evaluation of finger scan and face recognition biometrics conducted on behalf of Chase Manhattan Bank (NYSE:CMB), Citibank (NYSE:C) and Visa International. The results of this landmark test will help determine which biometric technologies will be used for ATM withdrawals, credit card purchases and Internet transactions. IBG's Biometric Study also reveals to what extent age, sex, ethnicity and occupation affect the performance of biometric technologies. According to Samir Nanavati, a partner with IBG, "PINs and passwords have been rendered obsolete in the age of the Internet. IBG's Biometric Study provides the foundation upon which financial organizations will build customer identification systems as we enter the new millennium." IBG has made the test results available to select customers. "The IBG Biometric Study enables Visa to learn and independently validate which vendors have technologies best suited to customer applications for our Members. In addition, the test gives us crucial insight into which technologies our Members and their customers feel comfortable using," said Chetan Patwardhan, Director of Technology Research at Visa International. Industry insiders recognize the importance of the study. "This effort will increase our knowledge not only of specific devices, but of electronic finger imaging in general, particularly among sub-populations thought to be hard to fingerprint", stated Dr. Jim Wayman, Director of Biometrics at San Jose State University. Biometrics, including finger scan, face geometry, iris recognition, signature verification, speaker verification and hand geometry, are technologies that verify one's identity based on personal traits. In addition to increasing the security of financial transactions, organizations are looking to increase customer convenience. Biometrics allow for faster processing at teller windows, increased withdrawal limits at ATMs, and a reduced chance that accounts will be fraudulently accessed. Systems from the following vendors were evaluated: Sony (NYSE:SNE), Identix (AMEX:IDX), ST Microelectronics (NYSE:STM), Digital Persona, Mytec (Toronto: MYT), Veridicom, a spinoff of Lucent Technologies (NYSE:LU), Identicator, American Biometric Company, Miros and Visionics. International Biometric Group (http://www.biometricgroup.com) is the leading worldwide biometric consulting and integration firm. IBG operates the BiometricStore, a showroom in Manhattan that allows for the hands-on comparison of three dozen biometric systems. For more information, contact Raj Nanavati: 212-809-9491. -0- jb/ny* CONTACT: International Biometric Group LLC, New York Samir Nanavati, Partner, 212/809-9491 Fax: 212/809-6197 E-mail: samir@biometricgroup.com Internet: www.biometricgroup.com RON

To: David who wrote (13128)	4/22/1999 10:41:00 AM
From: brad greene	Read Replies (1) \| Respond to of 26039

David, This may sound crazy to most...but not the Commission. Verisign has mentioned before...(I will have to go back and pull the release) that digital certificates need to except biometric authentication....as the certificates work quite well identifying locations...and protecting the integrity of the transaction, but can't qualify individuals as being authentic. The digital certificates protect from the "dummy" website, set up to intercept transactions. I just received a research report on Verisign.....Wow. 400 of the fourtune 500 use Verisign..(Verisign leases certificates for 1 year).....revenue for leased certificates projected at big bucks....big growth....viewed as a "must have" in order to do business on the net. Verisign sells for 77x sales........Yes, 77x sales. IDX sells for what?......2x sales. Combine all of the concerns about E-commerce not being able to function properly in an unsafe environment.........and I believe you can see how an incorporation of biometric authentication may just be a big issue for the E-commerce players going forward.......could be the buzz word for getting the whole shooting match going. Boy.....would that be a good day! bg