Communication Intelligence Corporation, the leader in electronic signature, biometric verification and natural input solutions and CardinalCommerce Corporation, architects of a proprietary Payment Authentication Platform, announced today a strategic partnership agreement through which CIC’s biometric signature verification technology will be integrated into CardinalCommerce’s Payment Authentication Platform.
Through this agreement, CIC will provide its iSign Software Development Kit (SDK) which CardinalCommerce will use to incorporate CIC’s biometrically verifiable signature technology into its Authentication Platform. With its “Verified by VISA” compliance testing completed, and MasterCard International’s Secure Payment Application (SPA) underway, Cardinal’s Payment Authentication Platform will be the first to deliver practical solutions for biometrically verified and authenticated transactions across the Internet.
“By combining the universally accepted practice of signing one’s name with the identification capabilities of our biometric technologies, CardinalCommerce and CIC will offer financial institutions, retailers and consumers the most secure and effective solution available for on line transactions,” said Guido DiGregorio, CIC’s President and CEO. “This partnership will significantly reduce charge back costs borne by merchants and cardholders resulting from fraudulent card usage.”
Although many solutions for Internet security exist today, the majority of these rely upon passwords and PINs to authenticate users. iSign delivers the capability to use the most widely accepted form of traditional authentication — your signature. For transactions that require instantaneous fraud detection and prevention via user authentication, iSign also provides real time verification of the customer’s signature based on the biometric qualities and characteristics of the signature.
“Customers and merchants are demanding changes that will make credit card transactions over the Internet a virtually fraud-free business environment,” said Michael A. Keresman, III, CEO for CardinalCommerce. “Given our to date successes, we are confident that in Q1 of this year, Cardinal Commerce and CIC will execute the first ‘live’ 3-D Secure transaction to be biometrically verified across the Internet.”
About iSign — The product is designed to enable the implementation of electronic signatures in Business to Consumer or Business to Business e-Commerce applications over the Internet and corporate Intranets. The iSign solution will allow on-line services and businesses to reduce operating expenses associated with processing and handling of paper documents. Transaction examples include online purchase receipts, account applications, loan documents, contracts and insurance forms. iSign is designed for use with most pen tablets including Wacom, Interlink and Topaz as well as Palm organizers and touch screens. For more detail information about iSign please visit our website at [http://www.cic.com].
Communication Intelligence Corporation is the leading supplier of electronic signature, biometric security and natural input solutions focused on emerging, fast growth, applications including paperless workflow, smart wireless devices and e-Commerce enabling the world with “The Power to Sign Online(TM)”. The Company’s core software technologies include multilingual handwriting recognition systems, biometric signature verification, natural messaging, and operating system extensions that enable pen input. CIC’s products are designed to increase the ease of use, functionality, and security of electronic devices and e-business processes. CIC sells direct to OEMs and Enterprises. Products are also available through major retail outlets such as, CompUSA, Staples, OfficeMax, Office Depot, key integration partners and direct via [http://www.cic.com]. Industry leaders such as Ericsson, Fujitsu, Hitachi, Microsoft, Siebel Systems, Electronic Data Systems (EDS), IBM, Charles Schwab and Prudential have licensed the company’s technology. CIC is headquartered in Redwood Shores, California and has a joint venture, CICC, in Nanjing, China. For more information, please visit website [http://www.cic.com]
About CardinalCommerce Corporation
Cardinal Commerce Corporation is a leading provider of a technology-neutral authentication platform for securing electronic and wireless commerce, thus ensuring that individuals, businesses and government agencies can process electronic transactions and access confidential information safely, securely and privately. The first application of Cardinal’s proprietary technology, the Cardinal Payment Authentication Platform, provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct fully authenticated Internet-based e-commerce, while protecting the transactions from fraud. For more information, visit [http://www.cardinalcommerce.com].