12-Button Credit Card Embedded Authentication Device from Innovative Card Technologies & Emue Technologies Garners Top Award and Technical Achievement Award from International Card Manufacturers Association (ICMA).Wafer-Thin, State-of-the-Art Device Which Allows for Secure, Reciprocal Online, Phone and Email Banking 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. Is Recognized with "Judge's Choice" and "Technical Achievement" Elan Awards at ICMA ICMA International City/County Management Association ICMA International Computer Music Association ICMA Institute of Certified Management Accountants (Australia) ICMA Institute of Cost and Management Accountants Expo LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Innovative Card Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :INVC) and Emue Technologies, co-developers of the 12-button Credit Card Embedded Authentication Device for secure online and phone banking, today announced that the International Card Manufacturers Association (ICMA) has named the breakthrough security device the winner of the top honor "Judge's Choice" Elan Award and winner of the "Technical Achievement" Elan Award. Presented at ICMA's Annual Card Manufacturing and Personalization Expo, held October 14-17 in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , the Elan awards recognize card design innovation and technical achievement in the card manufacturing industry, and are judged by an independent panel of ICMA associate members, industry notables and international journalists. "To win both the distinguished 'Judge's Choice' and 'Technical Achievement' ICMA Elan Awards is indeed a great honor, and a testament to the level of innovation and vision that our partner Emue Technologies and our founder and chief strategist Alan Finkelstein and team of engineers have aspired to from day one," said Steven R. Delcarson, InCard Technologies 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. and President. "We are very pleased that the Credit Card Embedded Authentication Device was considered a top innovation in the next generation of credit cards." The Credit Card Embedded Authentication Device features a 12-button keypad and embedded alphanumeric alphanumeric (ăl'fən  mĕr`ĭk) or alphameric (ăl'fəmĕr`ĭk), the set of letters and numbers. display and microprocessor, integrated
into standard payment card form. The card has a number of authentication
'modes' for use in online, phone, or ATM transactions. For
example, a user can enter his or her secret PIN into the card's
keypad to receive a numeric passcode for one-time use. To authorize a
banking transaction, the passcode is entered into an interface and
instantly validated by an authentication server A device used in network access control. It stores the usernames and passwords that identify the clients logging in, or it may hold the algorithms for token access (see authentication token). . This process removes
the need to enter a PIN into an unsecure device such as a web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. .
"By leveraging InCard's superior technical experience we have been able to create a world-first device that combines payment card and authentication technologies in a single device that consumers can carry in their wallets," said Brendan McKeegan, CEO of Emue Technologies. "We believe our solution, which incorporates multiple transaction signing and authentication capabilities, is unique in its ability to mitigate the full range of threats across multiple business channels Business channels are TV channels that concentrate on business news. List of channels
Security and authentication were emphasized during the ICMA Card Manufacturing and Personalization Expo, a global event which brought attendees from over 300 card manufacturing industry companies from more than 27 countries, and over 40 exhibits. Reflecting advancements and breakthroughs in technologies, production innovations and market trends, this year's Expo addressed the industry's move from cards that are simply plastic with magnetic stripes to sophisticated, high-technology security devices for a wireless world, and also featured innovations in non-secure, I.D. and gift cards. "Our Expo theme this year was 'An Ideal Climate for Card Innovation' and this entry certainly exemplified innovation. This consumer-friendly piece of plastic is in actuality a complex, highly sophisticated security device which made it one of the most standout card innovations manufactured this year," said Jeffrey Barnhart, Founder and Executive Director of ICMA. The Credit Card Embedded Authentication Device will make its consumer debut at Cartes CARTES Computer Arts Centre at Espoo & IDentification 2007, a world-leading event in digital security, smart card and identification, held in Paris November 13-15, 2007. In addition to the pair of ICMA Elan Awards, the breakthrough security device garnered a 2007 Tomorrow's Technology Award by The Info Security Products Guide Awards which recognize and honor excellence in all areas of information security, in August 2007. About Emue Technologies -- Emue has redefined the authentication landscape through the introduction of a suite of solutions that allow consumers to identify themselves without the need to provide credentials to an un-trusted source. Emue's solutions include a number of world firsts including a 'Reciprocal Authentication' process which ensures the legitimacy of both parties involved in a transaction and an authentication device with keypad, display and microprocessor embedded in an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. compliant credit card. For more information visit: www.emue.com About Innovative Card Technologies Innovative Card Technologies (NASDAQ:INVC) was founded in 1993 to add functionalities to payment cards. InCard's suite of ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. DisplayCards enable dual-factor authentication in a convenient card form. The cards can be configured to offer RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit, and switch. This screen displays a one-time password (security) One-Time Password - (OTP) A security system that requires a new password every time a user authenticates themselves, thus protecting against an intruder replaying an intercepted password. OTP generates passwords using either the MD4 or MD5 hashing algorithms. to verify the presence of the card during online and voice transactions or data systems login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. . www.incardtech.com. About International Card Manufacturers Association (ICMA) -- Based in Princeton Junction Princeton Junction could refer to:
This press release contains forward-looking statements which are commonly identified by words such as "would," "may," "will," "expects," and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: ICT DisplayCard adoption, ICT DisplayCard further testing and certifications, dependence on a limited number of suppliers and their capacity, full scale production of the ICT DisplayCard, and limited capital and liquidity. Innovative Card Technologies, Inc. refers interested persons to its most recent Annual Report on Form 10-KSB as amended by Form 10-KSB/A and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and Innovative Card Technologies has not assumed any duty to update any forward-looking statements. |
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