Biokey International Inc (BKYI)

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BIO-key(R) International, Inc. and Experian(R) Collaborate to Offer Enhanced ID Verification Through the Use of Biometrics

WALL, NJ--(Marketwired - July 22, 2014) - BIO-key International, Inc. (OTCQB: BKYI), a leader in fingerprint biometric identification technologies, cloud-based mobile credentialing and identity verification solutions, today reported the company is entering into a strategic relationship with Experian Public Sector. BIO-key's fingerprint-based biometric identification technology along with Experian's existing suite of identity verification products will greatly expand access to identity proofing for those authentication transactions requiring the highest level of assurance. "By adding BIO-key's world class technology to our industry-leading suite of fraud solutions which includes Precise ID, Experian customers will be able to positively ID an enrolled individual during face-to-face encounters, online via the internet or by mobile devices when speed and efficiency are paramount. The overall identification process which operates seamlessly across dozens of heterogeneous, low-cost fingerprint scanners, will add an additional level of scrutiny for transactions that require compliance with NIST 800-63 guidelines at level of assurance 4," said Philippe de Raet, Vice President of Business Development and Strategic Alliances for Experian Public Sector. "We believe that the growing interest in mobile fingerprint authentication positions BIO-key and Experian to capitalize on the strengths of each in adding the key element of trust to any authentication process requiring the strongest level of assurance," stated Mike DePasquale, BIO-key Chairman and CEO. "The opportunity for relying parties to leverage Experian and a cloud based biometric ID verification prior to enrolling an individual in a biometric ID process of their own establishes an unprecedented root of trust to all subsequent activity." BIO-key technology is positioned as an additive layer of authentication capability for Experian customers seeking to incorporate fingerprint biometric authentication. Together, we deliver streamlined multi-factor ID proofing services and fraud prevention through the combined strength of the two market leaders. Target markets include fraud-rich environments such as Government, Healthcare and Banking and the joint offering will enhance the authentication process for benefits eligibility of constituents in markets calling for trustworthy ID with both an in-person and online touch point.

About Experian Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft. Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2014, was US$4.8 billion. Experian employs approximately 16,000 people in 39 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and S?o Paulo, Brazil. For more information, visit http://www.experianplc.com.