PrivaSys Introduces PIN-Driven Secure Card Technology

PrivaSys Introduces PIN-Driven Secure Card Technology

Patented Authentication Card Technology for Financial Transactions And Identification to be Unveiled at CardTech/SecurTech

SAN FRANCISCO, May 15 /PRNewswire/ — PrivaSys, the company that has developed a patented technology to bring greater security, interactivity and convenience to credit and debit card transactions, will preview its PIN-driven card technology at CardTech/SecurTech, May 14-17, 2001, at the Sands Convention Center in Las Vegas, Nevada — Booth 1558. PrivaSys’ proprietary card provides an input device and a display within the dimensions of a conventional credit card.

Protected by a portfolio of patents, three of which are issued, PrivaSys’ proprietary technology authenticates cardholders for financial transactions (in person or online). PrivaSys technology requires no change to merchant or acquirers systems, making it instantly compatible with over 21 million merchants worldwide.

The PrivaSys suite of solutions quickly integrates with existing issuer systems providing an immediate security benefit through cards that are activated by keying in the cardholder’s PIN on an ATM style keypad, embedded on the card. Enhanced security features allow issuers to select a card that automatically generates a surrogate number for financial and/or authentication transactions.

PrivaSys’ first generation solutions are SecurSys and VariSys. SecurSys safeguards a cardholder’s information for single account cards such as credit (private label or bank issued), debit, or identity/security cards. VariSys consolidates multiple types of accounts (such as debit, personal and corporate credit, money market account) onto one card. Both SecurSys and VariSys cards can display either a surrogate account number or a conventional account number on the magnetic stripe and on the LCD.

“Real world and online fraud for financial transactions represent an escalating issuer concern worldwide,” said Joan Ziegler, CEO and co-founder of PrivaSys. “By introducing PrivaSys’ solutions at CardTech/SecurTech, the leading card show, PrivaSys has a great opportunity to reach the leaders in the card technology field.”

To learn more about the PrivaSys technology, stop by booth 1558 or visit the PrivaSys Web site at http://www.privasys.com . To schedule a private technology demonstration, please contact David Patterson, executive vice president of business development and co-founder, at 415-495-4098.

About PrivaSys:

PrivaSys’ patented payments infrastructure brings a new level of security, interactivity and convenience to credit and debit card transactions. PrivaSys proprietary card technology provides a user input device and display embedded within the dimensions of a conventional credit card. Protected by a portfolio of patents, three of which are issued, PrivaSys licenses its technology to financial institutions and security card manufacturers. PrivaSys’ technology is designed to scale from the smallest government installation to the largest credit card issuer. PrivaSys is a privately held company, founded in May 1999 with headquarters in San Francisco and product development in Orlando, Florida. For more information, please contact PrivaSys or visit http://www.privasys.com .




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