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Penny Stocks 2.0

05/19/16 9:42 PM

#281 RE: Penny Stocks 2.0 #268

Precise Biometrics enters licensing agreement with Oberthur Technologies

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By Stephen Mayhew

May 17, 2016 - 

Precise Biometrics has entered into an agreement with Oberthur Technologies (OT) for licensing of Precise BioMatch Embedded.

Precise BioMatch Embedded is an algorithm solution that offers secure fingerprint recognition for products such as smart cards, wearables, locks and cars.

In a statement, the company says the integration of Precise Biometrics’ fingerprint recognition solution in PEARL by OT, an advanced multi-application embedded secure element (eSE) for mobile, M2M and IoT devices, brings an additional layer of security to biometric authentication and enables easy deployment of secure services using fingerprint technology, such as mobile payments.

“The rapid growth of mobile payments is increasing the demand for secure mobile authentication,” said Håkan Persson, CEO of Precise Biometrics. “Our industry leading capabilities in providing high performance fingerprint solutions for platforms with limited processing power and memory enables new use cases where convenient and secure authentication is needed. The cooperation with OT is a big step in taking such solutions to market and securing users digital identity.”

The partnership enables OT to offer fingerprint identification for connection, authentication and payments in any type of device, such as smartphones and tablets, wearables, vehicles or other consumer and industrial devices. The integration of fingerprint matching algorithms in OT’s eSE enables secure fingerprint verification inside the eSE, preventing users biometrics to be exposed outside the eSE.

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Marc Bertin, CTO of OT commented: “While the use of biometric data today appears as the most efficient way to authenticate users, it also raises new security challenges. It is therefore critical to combine the most advanced technologies to protect users’ biometrics. The partnership with Precise Biometrics allows us to further increase security in mobile, M2M and IoT devices by integrating the industry´s leading fingerprint recognition software in our PEARL by OT offering.”

The license agreement will generate royalty revenue based on sales of secure elements from OT that includes Precise BioMatch Embedded in the delivery. The agreement includes a limited initial fixed fee for the right to integrate and use Precise Biometrics’ software, which will be recognized starting from the first quarter 2016.

Oyo State govt to use biometric data to verify the identity of 16K alleged ghost workers 

Wells Fargo mobile biometric authentication application wins banking industry award 

Mobile biometrics revenue projected to reach $33.3 billion by 2020: Acuity 

McDonald’s testing biometrics technology on POS system 

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Penny Stocks 2.0

05/19/16 9:42 PM

#282 RE: Penny Stocks 2.0 #268

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Wells Fargo mobile biometric authentication application wins banking industry award

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By Stephen Mayhew

April 3, 2016 - 

Wells Fargo has been recognized with the “Most Innovative Feature Award” for its mobile biometric authentication application in its Commercial Electronics Office (CEO) portal byBarlow Research’s 2016 Monarch Innovation Awards.

Barlow Research Associates, Inc. was founded in 1980 to provide research and consulting services to the banking industry in the U.S. and overseas. BRAI specializes in custom research, strategic consulting and syndicated research programs in small business, middle market and digital business banking.

Wells Fargo has combined multiple biometric characteristics to significantly improve security while simplifying the user experience for mobile banking access. Wells Fargo offers two new biometrics options: face plus voice and eyeprint id. The authentication process takes less than 15 seconds to complete, making the CEO Mobile service easier and faster to use.

The Monarch Innovation Award nominations are scored based on uniqueness, stickiness, dependability, ease of use, value and their ‘wow’ factor. This year’s winners were rigorously judged by a panel of four jurists including: Robert Berini, Genpact, Ltd.; Bill Hippensteel, BAI; Nick Miller, Clarity Advantage Corporation, and; Mary Beth Sullivan, Capital Performance Group.

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U.S Bank, BCSG and Xero also won Barlow Research’s 2016 Monarch Innovation Awards.

NuData Security more than doubles behavioral transaction volume 

Ideco to demo its new all-in-one mobile biometrics unit at Securex 

Oyo State govt to use biometric data to verify the identity of 16K alleged ghost workers 

Microsoft aims to kill the password 

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Penny Stocks 2.0

05/19/16 9:45 PM

#283 RE: Penny Stocks 2.0 #268

Biometrics startup attracting investors

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By Stephen Mayhew

May 19, 2016 - 

According to a filing with federal securities regulators, Madison, Wisconsin based SimplifIDe Inc. has raised $260,000 of a planned $750,000 funding round, reports the Journal Sentinel.

The company’s LinkedIn page describes SimplifIDe as a turn-key software as a service (SaaS) that eliminates the risk, complexity and cost of using biometric identification to replace traditional passwords, magnetic access cards, or knowledge-based authentication by using any biometric (face, finger, voice, iris) across any device or operating system on a risk-free, pay-as you-go basis.

According to state records, SimplifIDe, which formed in February, raised the money from seven investors.

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Jeff McCallister, former president of North America and the United Kingdom for mobile payment provider Cellum Global, is the company’s chief executive officer. Prathit Bondre, former chief technology officer at TASCET Inc., is the company’s chief technology officer. Nick Fuhrman, former executive director of the Georgia Center of Innovation for Aerospace, is chief marketing officer.

Facebook request to dismiss privacy lawsuit rejected 

Microsoft aims to kill the password 

BIO-key fingerprint readers available on Amazon.com 

ImageWare expands board of director

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Penny Stocks 2.0

05/19/16 9:52 PM

#285 RE: Penny Stocks 2.0 #268

CDC project will see biometric registration for HIV patients in Uganda

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By Stephen Mayhew

April 27, 2016 - 

In an effort to improve healthcare access and data collection, HIV/AIDS patients in Uganda will now be identified using fingerprints during a five-year Centers for Disease Control (CDC) funded project.

According to a report by The Monitor, the Monitoring and Evaluation Technical Support (METS) project will help identify how many people in the country are living with HIV/AIDS and how many people are taking antiretroviral drugs in hopes of generating accurate and nationally accessible information on the healthcare crisis.

CDC country director, Dr Steven Wiersma, commented that “while the country is moving toward achieving the 90-90-90 target of having 90 per cent of the people tested for HIV, 90 per cent of those found positive put on treatment, there has been lack of national data on HIV and its use.”

The dean of Makerere University School of Public Health and the METS principal investigator, Professor William Bazeyo, said the project will be implemented in 48 districts across Uganda where the CDC operates and that focus will be put on improving leadership at district and hospital level, help in monitoring and evaluation and support data driven decision making, among others. “The project will be implemented in four areas of monitoring and evaluation, district led programming, case based surveillance and health management information systems. It will be implemented by the School of Public health.”

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The Minister of Health, Dr Elioda Tumwesigye, said that identity verification based on fingerprint technology will improve access to services, aid in tracking HIV patients, drugs and can generate information that can be used for decision making. “With this technology, a patient will be identified using their fingerprint and the information can be shared with different clinics to avoid duplicity. We will able to know the exact number of people on treatment and how many more need it.”

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Penny Stocks 2.0

05/19/16 9:53 PM

#286 RE: Penny Stocks 2.0 #268

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Imprivata releases complementary solution for healthcare authentication platform

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By Justin Lee

April 21, 2016 - 

Imprivata has released Imprivata Confirm ID, a new solution that expands and complements the capabilities of its single sign-on and authentication platform, Imprivata OneSign.

Using Imprivata Confirm ID, healthcare workers are able to quickly and securely authenticate the use of medical devices and clinical workflows. This significantly improves security and compliance without compromising efficiency or affecting patient care.

When used in concert with Imprivata OneSign, Imprivata Confirm ID provides European healthcare organizations with a comprehensive authentication platform that boosts clinical efficiency as well as improves compliance through achieving greater visibility into user interactions with patient health data.

Imprivata demonstrated Imprivata Confirm ID and its other solutions for enterprise single sign-on, virtual desktop access, multi-factor authentication, and positive patient identification this past week at the UK e-Health Week at the Olympia Exhibition Centre in London.

“Healthcare data breaches remain a growing threat across Europe and other regions around the world, impacting both patients and providers alike. Hospitals increasingly recognize that they must invest in the right tools to safeguard against internal and external risks,” said Omar Hussain, president and CEO of Imprivata. “Imprivata is committed to protecting our customers with what we call invisible security—meaning tools that provide the highest standard of security but give clinicians quick, and easy access to data through convenient authentication methods.”

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Replacing the manual entry of usernames and passwords with the tap of a proximity badge, or swipe of a fingerprint, healthcare providers using Imprivata Confirm ID benefit from a seamless, in-process authentication process when accessing medical devices or completing clinical authentication workflows.

The solution improves security and protects patient privacy, as well as allows healthcare providers to focus their time on patient care.

Previously reported, Imprivata expanded the capabilities of Imprivata Confirm ID, a comprehensive user identity and two-factor authentication platform for the healthcare enterprise, beyond electronic prescribing of controlled substances (EPCS).

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Penny Stocks 2.0

05/19/16 9:54 PM

#287 RE: Penny Stocks 2.0 #268

Biometrics in healthcare, banking and counter-terrorism trending this week

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By Stephen Mayhew

April 3, 2016 - 

Here is a recap of the most popular biometrics industry news that appeared on BiometricUpdate.com this past week.

Healthcare

Intent Solutions has introduced new medical device technology called TAD, “Take As Directed”. TAD is built around a portable dispenser containing a disposable vial filled with medication attached to a reusable electronic device. The device is designed to be pre-programmed with the prescribed regimen and patient biometrics. The device notifies the patient that it’s time to take the pill, scans their fingerprint to authenticate the patient, delivers the pill, and records the data.

Carolinas HealthCare System has helped bolster its patient safety initiatives and reduce its duplicate medical records error rate from 2.9 percent to 0.01 percent using ID and authentication technology by Imprivata. Carolinas selected Imprivata’s palm-vein biometricssolution to complement its enterprise master patient index and is reporting that 97 percent of patients have accepted the technology and agreed to palm-vein scans.

Facial recogniton

The NTIA has developed a consultation process to examine the commercial use of facial recognition technology and write a voluntary code of conduct for private companies that use it. A preliminary draft of the code was presented this week, but privacy groups have reiterated their opposition to the process, which they define as an opportunity for lobbyists to “craft purposefully vague proposals without any real safeguards for biometric data”.

Researchers at the University of Electronic Science and Technology of China’s Police Equipment Joint Research Lab have developed apolice vehicle equipped with a facial recognition system that can pick criminal suspects out of a crowd. Aside from comparing people’s faces to a ‘persons of interest’ database, the surveillance system can also recognize license plate numbers and car types, identify mobile phones within its radius, or can be set to look for ‘one specific person’.

Banking

According to a recent Mobey Forum survey, the use of biometrics in banking and payment systems is on the verge of becoming mainstream as major technological advances and economies of scale have enabled biometrics to gain strong momentum as a secure authentication factor to verify a customer’s identity in the areas of mobile banking and payment. Biometrics also brings added value to other financial services, such as know-your-customer (KYC), e-contracting, insurance and more.

SmartMetric reports that it is has been receiving positive reception to its new biometric payment card from card issuers in Europe. Thebiometric payment card technology, designed to work with chip or EMV cards, uses a built in fingerprint reader to authenticate a user’s fingerprint to activate the card. It is estimated that by the end of 2016 more than 80% of payments cards in use will be EMV chip cards.

La Banque Postale has obtained approval from French data protection regulatory organization CNIL to offer a voice biometrics solution by Talk to Pay for customers to authenticate card not present transactions. Using a voice generated unique dynamic CVV, cardholders are protected while they purchase online, by mail or by telephone. Patrick Wajsbrot, President of Talk to Pay, said that in addition to La Banque Postale, LCL, Crédit Agricole and Carrefour Banque are also interested in the technology.

Fingerprints

AMREL announced this week that the FBI has certified its XP7-IDrugged biometric handheld. AMREL developed the XP7-ID in cooperation with Integrated Biometrics. Fingerprints are captured by Sherlock, an Integrated Biometrics module which utilizes a state-of-the-art light emitting sensor. This sensor uses very little power, needs less maintenance than traditional methods, and captures FAP-45 quality images.

NEC and Government Acquisitions (GAI) have successfully delivered NEC Corporation of America’s NeoScan45 mobile fingerprint capture devices to U.S. Immigration and Customs Enforcement (ICE). ICE will integrate the 2 and 10 print mobile biometric collection devices to allow collection of biometrics in the field. Being able to identify and or verify subjects at the first point of encounter is essential for officer safety, timely and accurate decision-making, efficiency and effectiveness of operations.

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Fingerprint Cards (FPC) and Precise Biometrics are providing the fingerprint technology for the new Redmi and Gionee smartphones. The Gionee W909 features the FPC touch fingerprint sensor FPC1025 and Precise Biometrics’ algorithm solution for fingerprint recognition in mobile devices, Precise BioMatch Mobile. The Redmi 3 Enhanced edition features the FPC touch fingerprint sensor FPC1035 and Precise BioMatch Mobile.

Access control

CloudLock announced that customers using its Cloud Access Security Broker (CASB) and cybersecurity platform will now have better control and security with RSA Via Access. RSA Via Access provides identity assurance and single sign on across SaaS, Web and other applications. Through intelligent analysis of the contextual elements of the access request combined with intuitive, mobile authentication options, RSA Via Access gives end users convenient access without compromising on security.

ZKAccess has formed technology partnerships to provide advanced integrated biometric security solutions to customers around the world. The company CEO explains how enterprise integrators are demanding improved physical security solutions that are integrated, scalable, easy to use and affordable and why technology partnerships with industry leaders such as Schneider Electric, RS2, AMAG and Lenel allows ZKAcess an unprecedented opportunity to bring affordable biometric security to customers all over the world.

Counter-terrorism

According to security experts, recent terrorist attacks in Brussels will impact the development and deployment of facial recognition technology. Continued attacks in public spaces will encourage both U.S. and European lawmakers and border security professionals to ramp up the collection and real-time analysis of biometric data from travellers, along with the expansion of terrorist biometric databases.

Human Recognitions Systems’ (HRS) CEO and founder Neil Normanrecently appeared on the BBC current affairs show Newsnight to discuss shifting behaviours and the importance of technology, such as biometrics, to provide additional defences against terror attacks.

Development

This week at Build, Microsoft revealed that its “Windows Hello”biometric authentication solution for Windows 10 will soon work with websites and that USAA Bank will be among the first companies to take advantage of this development. The USAA Bank serves US military veterans and their families with financial services. Using Microsoft Edge, USAA Banking customers will be able to log in using either fingerprints, face or retinal scans.

Google announced its plans to enter the competitive voice recognition market by opening up its speech recognition API to third-party developers. In an effort to draw in more developers, Google’s speech recognition app will initially be offered for free at launch and will subsequently be available for a fee in the near future. Google has yet to unveil details of its pricing, but the company will likely provide low-cost pricing tiers that could eventually increase over time after it becomes an established player in the voice recognition market.

For more information about the biometrics industry, subscribe fordaily email updates, get our rss feed or follow us on twitter.

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Penny Stocks 2.0

05/19/16 9:55 PM

#288 RE: Penny Stocks 2.0 #268

Portable medication dispenser uses biometrics and cloud technology to prevent prescription drug abuse

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By Stephen Mayhew

March 31, 2016 - 

Intent Solutions, a health technology and data company, introduced new medical device technology called TAD, “Take As Directed”, at this month’s National Rx Drug Abuse and Heroin Summit.

The mobile medication dispenser incorporates fingerprint recognition, cloud-based data storage and Bluetooth technology. The idea is to deter overdoses, thwart illegal prescription drug sales and help elderly patients remember to take their meds.

According to the company, TAD is built around a portable dispenser containing a disposable vial filled with medication attached to a reusable electronic device. The device is designed to be pre-programmed with the prescribed regimen and patient biometrics. The device notifies the patient that it’s time to take the pill, scans their fingerprint to authenticate the patient, delivers the pill, and records the data. The data is sent to the Smart Device app, and then to a cloud database for analysis.

“Prescription drug abuse is now at a boiling point, having recently replaced auto accidents as the leading cause of injury-related death in the U.S., and a host of policy and education initiatives are being brought to the table to address the problem, including a $1 billion federal investment,” said Sam Zamarripa, President and Director of Intent Solutions, inventors of the TAD device. “But there’s been little talk of how emerging technology can improve the way medications are managed and dispensed while also reducing misuse, abuse and diversion.”

The National Rx Drug Abuse and Heroin Summit features experts from government, business, academia, healthcare, and advocacy and represents the largest collaboration of national thought leaders who are working daily to reduce the prescription drug abuse that feeds directly into heroin use.

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The company initially hopes to target treatment centers. With more addicts turning to medication-assisted treatment with drugs such as buprenorphine, TAD would ensure that recovering addicts do not abuse drugs or sell them. TAD also could be used to ensure that recovering addicts and alcoholics who need pain medications after surgery or an accident don’t relapse.

“We know prescription opioids lead to heroin abuse, addiction and death but we must add technological innovation to the conversation,” urges Dr. David Gastfriend, a presenter at the Summit and Scientific Advisor at the Treatment Research Institute (TRI). “We need to be able to monitor and prevent abuse in real time. We need home safety options for those who have been prescribed opioids. And health professionals need feedback on whether the pills they’ve prescribed are being taken in the right amount, at the right time and by the right person.”

In addition to its launch at the Summit, the company is collaborating with Johns Hopkins University School of Medicine and will enter TAD into an NIH funded clinical trial in April of this year.