SNC Associates Awards SDGL Identification Contract; $6.7M Committed to Developing Face and Fingerprint Authentication for Credit Card Payments.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Secured Digital Applications, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :SDGL) was awarded a $6.7M contract by SNC SNC St Norbert College (De Pere, Wisconsin) SNC Sistema Nervioso Central SNC Société en Nom Collectif (French: Partnership) SNC Système Nerveux Central (French: central nervous system) Associates (www.snc.net.my) to develop face and fingerprint authentication for credit card payments to be implemented in four countries in Asia. The contract is for the development and operation of a Biometrics (Face and Fingerprint) Authentication Center ("BAC BAC abbr. blood alcohol concentration ") for credit card payments in Thailand, Brunei, Indonesia and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The objective is to achieve Zero-Fraud in credit card transactions. Customers targeted for the project include credit card issuers such as banks and other financial institutions, plus merchants accepting credit card payments. Revenues will be generated from sales and/or rental of Point-of-Sales (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) terminals equipped with a USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. camera and fingerprint reader A scanner used to identify a person's fingerprint for security purposes. After a sample is taken, access to a computer or other system is granted if the fingerprint matches the stored sample. A PIN may also be used with the fingerprint sample. and from transaction charges. Secured Digital Applications, based in Malaysia, is a leading developer of security applications using redundant biometric information retrieved from facial recognition and fingerprint technologies. The company has been engaged to install such biometric-based security systems at various government and private facilities and has recently begun development of an online payment portal utilizing redundant biometrics. The company is also involved in developing and maintaining databases of biometric information. The combination of fingerprint and facial recognition provides accuracy similar to DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. studies. The verification system being developed for SNC will use biometric data stored in computerized systems that will permit credit card issuers to verify the identity of a credit card user with a high degree of accuracy. Credit card users will register their face and fingerprint details when applying for a new card or upon renewal of their current cards. Merchants will enroll biometric data when users register and sign up for new cards or renew merchants' loyalty cards. The system protects clients through a series of authentications, certifications and authorizations. Once the user has been authenticated, details of the purchases and a certification by BAC will be forwarded to the bank's verification and authentication server (VAS vas (vas) pl. va´ sa [L.] vessel.va´sal vas aber´rans 1. a blind tubule sometimes connected with the epididymis; a vestigial mesonephric tubule. 2. ) to process credit card details (credit limit, validity, outstanding balances, etc.). Once all details have been verified, the authorization of the transaction will be transmitted back to the POS. There is no need for the customer's signature. At the same time, the VAS will update the banking system so that payment will be made to the merchant and charged to the user's account in real time. About Secured Digital Applications: Secured Digital Applications, Inc. (formerly known as Digital Broadband Networks, Inc.) and its subsidiaries are involved in the development, integration and provision of secured shipping and supply chain management service, sale of biometrics security systems and the development of Web based interactive multimedia content. The group is also involved in the sale of the EyStar SmartHome Console, broadband modems and IP cameras. For more information, please visit www.digitalapps.net and www.eystar.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Secured Digital Applications does not undertake to update, revise or correct any forward-looking statements. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion