Financial Institution Leverages Fingerprint Identification for Advanced
Identity Management, Single Sign-on and Workstation Security
WALL, N.J. and ORLANDO Fla., Feb. 13 /PRNewswire-FirstCall/ --
Biometric fingerprint identity management leaders BIO-key International
Inc. (OTC Bulletin Board: BKYI) and Zvetco Biometrics today announced that
ING Group has implemented a biometric identity management system leveraging
BIO- key's patented VST(TM) biometric matching software and Zvetco's proven
Verifi fingerprint readers. Dutch biometric consultant BioXS integrated
BIO-key's software with Zvetco's readers at ING resulting in a fingerprint
identification solution that enables the global financial services
company's dealers to quickly and securely access central dealing room
computers.
ING Group is a global financial institution offering banking, insurance
and asset management to over 60 million private, corporate and
institutional clients in more than 50 countries. With a diverse workforce
of over 114,000 people, ING comprises a broad spectrum of prominent
companies that increasingly serve their clients under the ING brand.
"ING has put security first for more than 150 years, but the real value
of this added security measure is that in addition to improved security and
Sarbanes-Oxley compliance, the biometric identity management improves
dealer productivity," said General Manager Reinier van der Drift of BioXS.
"In the past, complex passwords were required for ING dealers to access
secure trading room workstations, which were easy to forget or lose, and
had to be changed often to maintain optimum security. Now, access to ING's
dealer room computers is always at the user's fingertip."
BIO-key's advanced software algorithm was selected due to its ability
to deliver swift and secure identification based on its superior accuracy,
ease of use and ease of integration. Zvetco Biometrics' award-winning
Verifi P4000 fingerprint readers were chosen in order to meet with ING's
requirement for a durable reader with superior performance and reliability.
"Password management was a real headache for ING Bank, as it is with
most large organizations," said Zavi Cohen, CEO of Zvetco Biometrics. "The
combined BIO-Key and Zvetco solution eliminates the costs and hassle of
dealing with passwords, adds a significant new layer of security, and
addresses SOX compliance, protecting both ING and its customers."
Mike DePasquale, CEO of BIO-key International, added, "With the simple
touch of a finger, ING Bank dealers now have the ability to quickly
establish their identity and gain access to the trading floor. Replacing
user passwords with their fingerprints, not only eliminates the cost of
managing passwords, but improves dealer productivity since forgotten and
compromised passwords that take dealers off the floor during peak working
hours are also eliminated. This is yet another example of the huge
potential for finger biometrics in the financial services market."
About BIO-key
BIO-key develops and delivers advanced identification solutions and
information services to law enforcement departments, public safety
agencies, government and private sector customers. BIO-key mobile wireless
technology provides first responders with critical, reliable, real-time
data and images from local, state and national databases. The company's
high-performance, scalable, cost-effective and easy-to-deploy biometric
finger identification technology accurately identifies and authenticates
users of wireless and enterprise data to improve security, convenience and
privacy and to reduce identity theft. Over 2,500 police, fire and emergency
services departments in North America use BIO-key solutions, making BIO-key
the leading supplier of mobile and wireless solutions for public safety
worldwide. (http://www.bio-key.com )
BIO-key Safe Harbor Statement
This news release contains forward-looking statements that are subject
to certain risks and uncertainties that may cause actual results to differ
materially from those projected on the basis of these statements. The words
"estimate," "project," "intends," "expects," "believes" and similar
expressions are intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs, as well
as assumptions made by, and information currently available to, management
pursuant to the "safe-harbor" provisions of the Private Securities
Litigation Reform Act of 1995. For a more complete description of these and
other risk factors that may affect the future performance of BIO-key
International, see "Risk Factors" in the Company's Annual Report on Form
10-KSB and its other filings with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made. The Company also
undertakes no obligation to disclose any revision to these forward-looking
statements to reflect events or circumstances after the date made or to
reflect the occurrence of unanticipated events.
About BioXS
BioXS is an established and committed technical organization providing
specialized Identity Management solutions to clients across Europe.
Specializing in biometrics, BioXS distributes hardware and software in
Switzerland, France, Germany, Great Britain and the Benelux region for
BioKey, Memory Experts, Zvetco Biometrics, Precise Biometrics and many
others. For additional information about BioXS, visit http://www.bioxs.com
or call +31 (0) 26 372 4276.
About Zvetco Biometrics
Zvetco Biometrics is a manufacturer of best-in-class identity
authentication hardware and provider of identity management solutions.
Founded in 1999, Zvetco provides its customers in corporate enterprise,
government, financial services, healthcare, gaming, food services and
point-of-sale with cost-effective network security tools that prevent
identity theft, increase accountability and eliminate the cost and
inconvenience of password-based access. Zvetco Biometrics' Verifi(TM) line
of biometric products incorporates precision fingerprint-sensing technology
into ergonomic computer peripherals that deliver unparalleled performance,
reliability and convenience. Available in multiple form factors, Verifi
products use advanced silicon technologies from AuthenTec and UPEK, offer a
rugged, elegant design, a standard USB interface, enhanced security and
convenience, private labeling and other custom options. Information about
Zvetco and its products is available at http://www.ZvetcoBiometrics.com or
by calling (407) 681-0111.
Verifi(TM) is a trademark of Zvetco Biometrics, VST(TM) is a trademark
of BIO-key International. All other trademarks, registered trademarks and
service marks are the property of their respective owners.
Press Contact:
Julie Garand
508-460-4036
julie.garand@bio-key.com
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