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National Identity Security, a small start-up is claiming its method of biometric authentication can identify the identity of the person offering a credit card for a transaction.
They ship their Biometrics Identity Theft and Credit/ Check Fraud Detection Products for Personal Identity, Credit Card/Check Fraud on 27 June 2005.
National Identity Security's BAT(TM) will supports Ingenico and HPP(TM)'s signature and debit capture terminals for banks and retails. The technology, not only captures the signature, it also validates the person at the register by signature and/or personal profile in real time with the use of National Identity Security's BAT(TM).
The assurance is made by the company in a press release to all the major card companies:- Discover, banks, American Express. Merchants and card holders also get the promise.
NIS is pricing their service at $0.02 per transaction.
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