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Biometrics And Point Of Sale Software Combine To Help Retailers Combat Credit Card Fraud

Thumbaccess.com

Sydney, Australia - August 12, 2002 (PRN):ThumbAccess Biometrics Corporation announced today the cementing of an exclusive joint venture with CW Technology, LLC of Detroit, USA which will enhance ThumbAccess' retail payment solutions known as ThumbPay Biometric Solutions.

ThumbPay, as the name suggests, provides Biometrics Payment Authentication and Point of Sale Solutions to retailers and enables the consumer to purchase goods and services from participating retailers through simply presenting their Thumb as the payment mechanism rather than using credit cards. This consequently brings to retailers the option to reduce credit card fraud and provide a superior level of convenience and security to their customers.

The strategic alliance between ThumbAccess Biometrics Corporation and CW Technology, brings to the market a fully featured POS solution integrated with a Biometrics Payment mechanism using the ThumbSecure patent pending biometrics authentication and payment platform.

How it works:

Consumers register their Thumbprint Templates along with their Credit Card information which is subsequently biometrically encrypted and stored in a highly secure Biometrics Database Vault* within a "Trusted 3rd Party" environment ensuring private independence. This allows registered customers the freedom to make purchases at any participating retailer world wide, via the use of the consumer's personal Biometric being their Thumb. Your thumb you do not forget; cannot be copied or lost only to be found by others, so the security is excellent for customer peace of mind. This same security reduces fraud for the retailer.

At the checkout, the Customer presents their thumb, which is scanned and an algorithmic template is compared to their original registration stored in the ThumbVault. As there are no images of the print made at any stage, Consumers can be assured that information cannot be reversed or used for any other purpose. Along with presenting their thumb, the Customer also enters their QAN© (Quick Access Number) as both providing a speedier method of cross match and also a secondary level of security.

Harry Hollander CEO of ThumbAccess said, "The security afforded by "paying by thumb" results in greater peace of mind for the Consumer and Merchant delivering a real convenience and security in shopping. ThumbPay is yet another example of our ongoing commitment to providing commercial biometrics solutions to the consumer. We plan to have participating merchants internationally who will provide this service to registered consumers. In conjunction with our other patented solutions such as ThumbSecure eMail and Instant Messaging system which encrypts ones email and attachments with the users biometric thumb template, once a person is safely registered in the ThumbVault, they are automatically registered in cyberspace to other ThumbAccess services and solutions.

* ThumbVault is hosted by RedMap Networks, who have several multi-million dollar, high-end electronic data vaulting facilities. Redmap has been providing secure data backup solutions since 1992.

ThumbAccess Biometrics Corporation Pty Ltd., based in Sydney Australia, is the developer of biometric business solutions, and provides biometrics hardware and database verification services to a broad base of international customers. Their products are used in point of sale, building security, internet and email security and related business solutions.

CW Technology, LLC, based in the United States, provides a variety of hardware and software products to a broad base of international customers. Their products are used in point of sale, hotel, home automation, and related fields.

For more information, contact:

ThumbAccess Biometrics Corporation (Australia)
Harry Hollander, CEO (Marketing and Media Contact)
Office: +61 (0)2 96571360
Mobile: +61 (0)416 141414
Email: hhollander@thumbaccess.com
www.thumbaccess.com

CW Technology LLC (USA)
Larry Wilson CEO
Office: (586) 791-9060
Email: lwilson@cwtechnology.biz

Marketing Contact (USA)
Win Coutts
Office: 770) 418-9952
Email: wcoutts@cwtechnology.biz

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