AEON Credit Services Deploys BIO-key Fingerprint Authentication
March 10 2014 - 8:00AM
Marketwired
AEON Credit Services Deploys BIO-key Fingerprint Authentication
One of Asia's Leading Credit Providers Using Fingerprint
Authentication in Call Centers
WALL, NJ--(Marketwired - Mar 10, 2014) - BIO-key
International, Inc. (OTCQB: BKYI), a global leader in fingerprint
biometric identification solutions, advanced mobile authentication
and identity assurance technologies, today announced that AEON
Credit Services has deployed BIO-key fingerprint authentication for
their customer support centers in Malaysia.
AEON Credit Services, integrated BIO-key technology to cut help
desk costs by reducing the frequency of password resets, protect
access to 18 applications, including access to critical
applications during non-traditional business hours, simplify
compliance by tracking and reporting user access, reduce staff
social networking activities, strengthen security and enhance the
overall experience for the user and customer. AEON Credit is a
subsidiary of AEON Credit Service Co. Ltd, Japan (AEON Credit
Japan), which is listed on the First Section of the Tokyo Stock
Exchange. The company is primarily involved in the issuance of
credit cards and it currently has more than 29.76 million card
members. It is one of the biggest credit card issuers and a leading
consumer credit provider in Japan.
As an IBM Ready for Security Intelligence partner, BIO-key
worked together with integration partner Dancom, a leading
telecommunications and IT provider to deliver an integrated
biometric authentication solution within AEON's IBM Security Access
Manager for Enterprise Single Sign-on (ISAM ESSO)
platform. The integration enabled thousands of AEON call
center agents to replace the use of passwords with fingerprint
authentication; creating a measurable time savings for the
organization. "This is an example of how IBM and BIO-key work
together to deliver successful intelligent identity and access
solutions to help increase the value to our mutual customers" said,
Michael Loria, Vice President Business and Corporate Development,
IBM Security Systems.
"When we reduce the time to authenticate and migrate between
transactions, we create a better user experience for the agent and
the customer. Efficiency translates to better business and
additional revenue," stated Jim Skidmore, Senior Vice President
Global Sales and Channel Development at BIO-key. "We recognize
that when consumers share personal or financial information with
utility companies, credit service providers or retailers they're
vulnerable to identity theft. BIO-key technology vastly
reduces the threat of identity theft, because employees understand
that there is a secure audit trail for each and every action and
transaction."
About BIO-key BIO-key International, Inc., headquartered in
Wall, New Jersey, develops and delivers advanced identification
solutions to commercial and government enterprises, integrators,
and custom application developers. BIO-key's award winning, high
performance, scalable, cost-effective and easy-to-deploy biometric
finger identification technology accurately identifies and
authenticates users of wireless and enterprise applications. Our
solutions are used in local embedded OEM products as well as some
of the world's largest identification deployments to improve
security, guarantee identity, and help reduce identity
theft. BIO-key's technology is offered directly or by market
leading partners around the world. (http://www.bio-key.com)
BIO-key Safe Harbor Statement Certain statements contained in
this press release may be construed as "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995
(the "Act"). The words "estimate," "project," "intends,"
"expects," "anticipates," "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
Act. These statements are subject to certain risks and
uncertainties that may cause actual results to differ materially
from those projected on the basis of these statements. These
risks and uncertainties include, without limitation, our history of
losses and limited revenue, our ability to develop new products and
evolve existing ones, wider market acceptance of biometric
technologies, our ability to raise additional financing, our
ability to attract and retain key personnel. For a more
complete description of these and other risk factors that may
affect the future performance of BIO-key International, Inc., see
"Risk Factors" in the Company's Annual Report on Form 10-K for the
year ended December 31, 2012 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 undertakes no
obligation to disclose any revision to these forward-looking
statements whether to reflect events or circumstances after the
date hereof or otherwise.
Contacts: BIO-key International, Inc. Jay Meier VP Corp. Dev.
Jay.meier@bio-key.com 651-789-6116
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