IDMATRIXX Identity Theft Protection
Solution Deployed by Purdue Employees Federal Credit Union
San
Francisco, CA – February, 22, 2007 – IDMatrixx, a provider of
identity and secure access solutions, announced today they are
deploying their flagship IDSERVER™ multi-factor authentication
system in all the branches of Purdue Employees Federal Credit Union
to further protect the identity of their customers.
With
the ever-increasing concern and occurrence of identity theft and
access to financial assets, stronger security and more stringent
authentication solutions are necessary, especially at financial
institutions. Purdue Employees Federal Credit Union is upping the
ante in further protecting their customers with a multi-factor
identity theft solution from IDMatrixx.
IDMatrixx
IDSERVER™ solution consists of client-server software and a
multi-factor authentication scanner, which includes smartcard,
magstripe, PIN and multiple biometric capabilities. The device plugs
into the PC at the bank branch where the client software is also
installed. The server software is installed at the bank’s
headquarters. The customers enroll into the system at the bank
location within 2-3 seconds. The customer information is securely
stored on the back end server at the headquarters. In case of the
biometric authentication, the customer simply places their finger on
the scanner without revealing any other information, and is
identified by the bank official in less than 3 seconds. . The
IDMatrixx solution gives the enterprise customer the flexibility to
use any operating system, database or application server. The
biometric capability adds additional authentication and makes the
solution foolproof.
"Our members are enthusiastic about this
solution. Having used
biometrics on our kiosks since 1997, biometrics on our teller line
was the logical next step for us.
Our Staff and members love the convenience and the additional
security provided by biometrics technology, which ensures that their
identity it protected. The IDMatrixx solution was easy to install
and enrolls the customer in a user-friendly manner" said Gail
Kohler, Senior Vice President of Information Technology at Purdue
Credit Union.
IDMatrixx
patented technology enables the enterprise customer to be
independent of the type of fingerprint scanner used for enrolling or
matching the biometric information. This solves a key problem of
interoperability for the enterprise customer. Once a customer
enrolls in a branch, they can go into any other branch without the
need of other identification and be easily authenticated with just
their finger scan.
"We
are excited to add Purdue Credit Union to our enterprise customer
list and to help them solve the problem of identity theft for their
customers,” said Guri Walia, President of IDMatrixx. “IDMatrixx
provides the most comprehensive and secure solution to help solve
the problem of identity theft."
IDMatrixx
technology extracts 80 data points from a finger scan which is
further encrypted and stored in the database. The data point
template cannot be reverse engineered to reproduce the user's
fingerprint. The bank
protects their customers’ identity and provides customer
convenience. Additional
ROI comes from helping the bank reduce fraudulent transactions as
well as increasing the speed of teller transactions. The security
solution works with both Windows and Unix operating systems.
IDMatrixx
solution uses advanced caching techniques to increase the
identification time. The more often the system is used, the faster
the speed of the match. The system is very easy to integrate with
and therefore can be used to provide multi-factor authentication for
any application.
IDMatrixx
patented technology is unique because of the following:
- Allows the enterprise customer to choose the appropriate authentication factor for the channel
-
Open system provides customers with complete flexibility
-
Solves the problem of interoperability
-
Provides the capability of quick identification using a law
enforcement based system
The
solution expands to internet-authentication and allows the customers
to enroll from their home. The internet-authentication solution can
be deployed as a browser based solution without the need to download
any software. For further information, contact IDMatrixx at sales@idmatrixx.com
or call (415) 871 9879.
About Purdue Employees Federal Credit Union
Founded
on the Purdue University campus in 1969, Purdue Employees Federal
Credit Union is a recognized credit union leader, employing the
latest technology to enhance the delivery of financial services to
its members. With assets exceeding $400 million, PEFCU serves more
than 56,000 members nationwide and is committed to serving and
supporting the Greater Lafayette community.
About IDMatrixx
IDMatrixx
provides software and services that result in unified enterprise
solutions, more secure network access and more secure transactions.
IDMatrixx flagship software solution is open, scalable, modular and
provides organizations the ability to verify user access with smart
cards, biometrics, PKI, digital certificates, RFID and security
token technologies. The IDSERVER™ solution also provides
organizations the ability to integrate with existing enterprise
technology infrastructures resulting in unified solutions. For more
information about IDMATRIXX and their products, please visit http://www.idmatrixx.com.
Contact:
Edith Myers
IDMatrixx Inc.
Phone: (415) 871 9879
Fax: (408) 490 2808
URL www.idmatrixx.com
email address: info@idmatrixx.com
In
the Technology and Money news segment on NBC News Scott Budman
reports that every time when some one buys a house, a car or anything
for that matter one’s personal financial information is compromised.
He goes on to say that Identity theft has become a common problem.
He interviews Ken Burns, the CEO of Technology
Credit Union (TCU) in this news segment. Ken says that TCU has installed
thumb print readers which use bio-metric technology to validate the identity
of its customers. These bio-metric devices are used by thousands TCU customers.
He adds that when a customer presses down his or her thumb the identity
of the customer is immediately is known by the financial institution and
prevents fraudulent transactions. is known by the financial institution
and prevents fraudulent transactions. Scott
concludes the segment by stating that the company making these identity
theft solutions is IDMatrixx.
Headquartered in Silicon Valley, California,
IDMatrixx provides identity management security software and services
that result in unified security solutions, more secure network
access and more secure transactions.
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