Biometric Security Card, Inc. Introduces BioProtectCK For Preventing Check Cashing Fraud and Identity Theft.Business Editors/High-Tech Writers CLEARWATER, Fla.--(BUSINESS WIRE)--Sept. 24, 2003 Biometric Security Card, Inc. (BSC (Binary Synchronous Communications) See bisync. ) today announced BioProtectCK(TM) Release 2.0 software to help improve customer convenience and prevent check cashing fraud. By adding a biometric to existing check cashing, loyalty and credit/debit cards, merchants can implement Release 2.0 without making any system infrastructure changes. In addition, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. fees can be decreased and customers can cash checks faster without being inconvenienced by additional information requests. BioProtectCK(TM) is the only solution that biometrically authenticates the cardholder card·hold·er n. One who holds a card, especially a credit card. card  hold at the point of sale (POS (1) See point of sale and packet over SONET.(2) "Parent over shoulder." See digispeak. POS - point of sale ) without the use of a database or smart card. To cash a check, the cardholder swipes their magnetic stripe card A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron-based magnetic particles on a band of magnetic material on the card. through a reader and places their finger on a sensor. BioProtectCK(TM) displays the customer's name and reference numbers and signals a positive identification with a "green" light. After identifying the cardholder, the displayed data can be compared to the information on the check to complete the authorization process. A study released September 4, 2003 by the Federal Trade Commission cited that nearly 10 million people were victimized and incurred losses of $53B in 2002 due to check cashing, credit card and other types of identity theft. "BioProtectCK(TM) may be a key solution to help solve the escalating identity theft crime rate since it offers merchants an immediate and economical alternative to reduce their losses from check cashing fraud," said Bill Bardwell, president of Biometric Security Card, "and by storing the fingerprint on the card, customers have the benefit of preserving their privacy rights and preventing identity theft." New BioProtectCK(TM) Release 2.0 features include 100% registration, POS interfaces/integration, data security, bar code scanner/printer and fingerprint archiving. BioProtectCK(TM) can also be effectively used to increase grocery revenues, reduce transaction processing fees, and decrease losses due to credit, debit and ATM card An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society. Its primary uses are: An electronic method of capturing a victim's personal information used by identity thieves. The skimmer is a small device that scans a credit card and stores the information contained in the magnetic strip. . About Biometric Security Card, Inc. To assist in the prevention of financial fraud and identity theft, Biometric Security Card, Inc. (BSC), Clearwater, Florida Clearwater is a city located in central Pinellas County, Florida, USA, nearly due west of Tampa. As of the 2000 census, the city had a total population of 108,787; however, according to the 2005 U.S. Census Bureau's estimates, the city's population fell slightly to 108,687. , is committed to become the market leader in offering biometric products that will allow all people to accurately and economically identify themselves with what is "already in their pockets." To achieve this goal, BSC has successfully developed the "World's Smallest Finger Biometric." For more information, contact Biometric Security Card, Inc., at (727)-726-0696 or e-mail bill.bardwell@BiometricSecurityCard.com |
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