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'Pay By Touch' Company Unveils New Identity as Indivos; New Name Reflects Company's Mission to Bring Advanced Electronic Payment Services to Merchants and Consumers.


Business Editors/High-Tech Writers

OAKLAND, Calif.--(BUSINESS WIRE)--Aug. 21, 2001

Indivos (www.indivos.com), formerly known as VeriStar Corporation, today unveiled it's new identity. The company's 'Pay By Touch(SM)' payment service enables consumers to voluntarily enroll for secure checking, credit, debit and loyalty account access without having to use cumbersome cum·ber·some  
adj.
1. Difficult to handle because of weight or bulk. See Synonyms at heavy.

2. Troublesome or onerous.



cum
, costly plastic cards, paper checks, key chain fobs and other tokens.

The new name and identity stems from the company's mission that the "individual you" of the consumer is paramount. The name Indivos comes from indi meaning "individual" and vos, the Latin suffix suf·fix  
n.
An affix added to the end of a word or stem, serving to form a new word or functioning as an inflectional ending, such as -ness in gentleness, -ing in walking, or -s in sits.

tr.v.
 for "you." Literally, the "individual you." The name connects with, resonates with and elevates the stature of the individual consumer. Consumers who enroll in the voluntary system do not need to carry plastic cards and paper checks, and can access their accounts using finger readers that are integrated with conventional credit card "swipe machines" from industry-leading companies like Verifone and Hypercom at the point-of-sale.

"Indivos' voluntary 'pay by touch' authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.

(2) Verifying the identity of a user logging into a network.
 service is an ideal application to bring shoppers and retailers the compelling security and convenience advantages of our proven technology," said Phil Gioia, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Indivos. "Consumers and merchants will embrace this service as they realize that added security can be utilized in a manner that is more convenient and less costly than carrying yet another piece of plastic in their purse or wallet."

Indivos' service allows consumers to access their bank and debit accounts electronically without having to use the plastic cards, paper checks, key fobs (1) A remote control car door opener such as the common "clicker" used with most modern automobiles.

(2) A USB flash drive used for storage or as an identification key. See USB drive and authentication token.
 and passwords that can easily be lost, stolen or damaged. At the same time, it provides merchants with reduced risk and lower costs in handling cash and checks. Consumers who enroll in the voluntary system no longer have to carry their cards and checks, but can easily access their accounts online using the security of fingerprint fingerprint, an impression of the underside of the end of a finger or thumb, used for identification because the arrangement of ridges in any fingerprint is thought to be unique and permanent with each person (no two persons having the same prints have ever been  authentication.

About Indivos

Indivos' fully voluntary patented service enables a cashless, checkless, cardless payment environment in which consumers who have voluntarily enrolled a finger scan Noun 1. finger scan - biometric identification by automatically scanning a person's fingerprints electronically
finger scanning

biometric authentication, biometric identification, identity verification - the automatic identification of living individuals by
 to complete transactions securely, conveniently, and efficiently. It also enables merchants to substantially reduce transaction-processing costs, and significantly mitigate the risk of fraud. Indivos' Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name.  is www.indivos.com. Indivos has 16 issued patents enabling the service.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 21, 2001
Words:373
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