SiVault Systems Introduces Technology to Authenticate, Validate Identification at the Point-of-Transaction

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Lyxor Esg Euro High Yield Dr Ucits Etf A	BIT:HYC	Italy	Exchange Traded Fund

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SiVault Systems Introduces Technology to Authenticate, Validate Identification at the Point-of-Transaction New SiVerify System with Hypercom Optimum and Intelli-Check Technologies Targets ID Theft and Fraud NEW YORK, and SAN JOSE, Calif., Oct. 6 /PRNewswire-FirstCall/ -- SiVault Systems Inc. (OTC:SVTL.OB) (BULLETIN BOARD: SVTL.OB) , a leading provider of products and services for the secure authentication, processing, storage, and retrieval of signature-based medical, financial, and retail electronic transactions and documents, today introduced an innovative point-of-transaction solution that authenticates and validates an individual's identification in real time. Called SiVerify, the new solution, incorporating Hypercom Corporation (NYSE: HYC) and Intelli-Check Inc. (AMEX:IDN) technologies is available now. Using global payment technology leader Hypercom Corporation's compact, high speed and high performance signature capture Optimum L4100 card payment terminal and Intelli-Check's proprietary ID-document-verification technology in the back-office, SiVault's new solution is designed to validate and authenticate government-issued documents across the US and Canada by building a biometric template of the cardholder's signature, and then validating all subsequent signature-based transactions. The new SiVerify solution can help to dramatically reduce transaction losses due to the use of forged documents and signatures, identity theft, or the creation of false identities. By first verifying the encoded data on a driver's license with Intelli-Check's proprietary technology and then building a unique customer file with a tamper-proof template of one's biometric handwritten signature, the identity of the individual can be assured. Industry estimates indicate that up to $70 billion of the $1.4 trillion health care cost for Americans can be attributed to fraud, and that's just the beginning. "SiVerify represents a key milestone in SiVault's vision and commitment of establishing industry standard fraud prevention solutions with its strategic partners," said Emilian Elefteratos, chief executive officer, SiVault Systems, Inc. "The result of this integration effort is a system designed to offer customers a high level of security. SiVerify will apply to SiVault's core services for the healthcare, government, financial and retail sectors" further added Mr. Elefteratos. "The intelligent integration of our technologies marks a significant advance in our continued efforts to help pharmacies, healthcare providers and other businesses combat credit card fraud and identity theft, while delivering new levels of speed and convenience to their customers," said O.B. Rawls IV, president, Hypercom North America. SiVault developed SiVerify using its centralized service oriented platform for biometric signature recognition, authentication and credential validation, compatible with most point-of-sale devices. SiVault in August announced a strategic partnership with Hypercom to combine SiVault's end-to-end signature verification technology with Hypercom's point-of-transaction card payment technology in a solution designed to significantly improve the authentication and fulfillment of medical prescriptions. In addition, the new SiVerify solution incorporate Hypercom's new PED and EMV certified Optimum L4100 high speed, high performance signature capture card payment terminal, packing a powerful Intel(R) processor based on Intel XScale(R) technology for unprecedented multi-application performance. Pricing for SiVerify will be based on a per-transaction basis and as an enterprise license. About SiVault Systems Founded in 1999, SiVault Systems is a recognized leader in the secure storage and retrieval of signed documents and biometric signature-based authentication for processing of online transactions. SiVault Systems' services are 100% compliant with regulations and standards in the retail and healthcare industries for authentication, authorization, transmission and storage of data. For more information, visit the companies' web site at http://www.sivault.com/. About Hypercom (http://www.hypercom.com/) Celebrating 26 years of technology excellence, innovation and leadership, Hypercom Corporation is a leading global provider of electronic payment solutions that add value at the point-of-transaction for consumers, merchants and acquirers, and yield increased profitability for its customers. Widely recognized as the global payment technology innovator, Hypercom delivers complete card payment terminal, network access device, server and transaction networking solutions that help merchants and financial institutions generate revenues and increase profits. Headquartered in Phoenix, Arizona, Hypercom's card payment terminal, server and network solutions are leading the transformation of electronic payments in more than 100 countries. About Intelli-Check Intelli-Check, Inc. is the acknowledged leader in technology that assures the authenticity of driver licenses, state issued non-driver and military identification cards used as proof of identity. Our patented ID-CHECK technology instantly reads, analyzes, and verifies the encoded data in magnetic stripes and barcodes on government-issue IDs from approximately 60 jurisdictions in the U.S. and Canada to determine if the content and format is valid. Applications include: -- security and access control to protect airports, government and commercial buildings, military installations, and other critical sites -- identity theft, commercial and government fraud prevention to help stem the millions of dollars each year in losses from credit card, check- cashing, bank, insurance, healthcare and pharmacy fraud -- age verification to protect bars and other retail establishments from the potential fines and penalties associated with selling age- restricted products to minors -- productivity enhancement to eliminate inefficiencies and inaccuracies associated with manual data entry The company has been the national testing laboratory for the American Association of Motor Vehicle Administrators (AAMVA) since 1999 and has access to all the currently encoded driver license formats. For more information, visit http://www.intellicheck.com/. Hypercom is a registered trademark of Hypercom Corporation. Optimum and Design is a trademark of Hypercom Corporation. SiVerify and SiVault are service marks or registered service marks of SiVault Systems, Inc. Intel and XScale are registered trademarks of Intel Corporation. All other products and services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains "forward-looking statements" within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. SiVault Systems, Inc. cautions readers that statements regarding this transaction. The timing of such a transaction and any other future aspect relating to such a transaction are forward-looking statements and are based on management's current expectations, estimates and projections. Words such as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks and uncertainties, including the Company's ability to market its products and services in a competitive environment, as well as other factors, many of which are beyond the Company's control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For additional information on these uncertainties, please see the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. Contact: Emilian Elefteratos, CEO SiVault Systems, Inc. 212-931-5760 DATASOURCE: SiVault Systems Inc. CONTACT: Emilian Elefteratos, CEO of SiVault Systems, Inc., +1-212-931-5760 Web site: http://www.sivault.com/

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