FOR IMMEDIATE RELEASE
November 2, 2000
[Atlanta, Georgia] – Debitek, a subsidiary of IVI Checkmate Corp. (NASDAQ: CMIV); (TSE: IVC/IVI) and Digital-Privacy, Inc (NASDAQ:DGPV.BB), headquartered in Minneapolis, MN, have announced an intent to form a strategic partnership in which each company will leverage their respective expertise in smart card technology. The partnership intends to offer multi-application platforms to organizations that are seeking a single card solution for stored value, user authentication, file encryption, and Internet-based e-commerce security.
Digital
Privacy develops cost-efficient, highly secure, and easy-to-use logical security
applications, incorporating smart card technology.
The company’s suite of products offers user authentication, file
encryption, and e-commerce access security for corporations, governments and
individuals using desktop and notebook computers as well as servers.
Debitek
is internationally recognized as an innovator and leader in the development,
manufacture and sale of smart card and magnetic stripe card technology for small
value transaction systems. Vertical
markets utilizing Debitek systems include federal government facilities,
universities, hospitals, corporations, resorts, hotels, and correctional
facilities.
Larry Hauser, vice president and general manager of Debitek stated, “corporate campuses and government agencies have long needed the ability to issue a single card that combines purchase power and information protection. Our partnership with Digital Privacy positions our companies to jointly market our combined solutions that reduce operational expense while increasing security of information and data access.” Hauser added, “most importantly with the recent announcement that Visa member banks will be issuing chip card for credit card payment, we see the worlds of closed electronic payment systems and credit cards merging. Digital Privacy and Debitek are ready to offer solutions that increase consumer buying power and security for Internet and e-commerce applications”.
Howard
Miller, chief executive officer of Digital Privacy stated, “The ability to
identify and authenticate users of computers and servers has become as
increasingly costly and troublesome task for organizations, both in the private
and public sectors. With the rapid
growth and utilization of mobile computing and Internet access compounding this
problem, organizations are in dire need of a scalable and extendable solution
for authentication and access control.
They also lack the ability to secure proprietary data and files
and seek a secure, reliable, cost effective and simple technology to safeguard
the informational assets that reside on their computer.”
Mr.
Miller added, “Digital Privacy has focused its expertise on the development of
smart card applications for computer, information and Internet security. The DPI suite of products control access to systems and
information, authenticate the user, and secures documents with a wide array of
encryption algorithms. Smart cards
are destined to become the interoperable token of the future.
The incorporation of the Debitek cash purse applications onto the smart
card that features Digital Privacy digital security provides an organization
with single card solution that will be able to further add functionality and
applications as they become available.”
About Digital Privacy
Founded
in 1990, Digital Privacy is a leading-edge smart card based
applications developer that provides comprehensive multi-layered security
solutions of computers and data, thus deterring unauthorized access of corporate
informational assets that reside on the computer.
Additionally, the Company provides personalization and authentication for
Internet and e-commerce applications that minimize financial risks by properly
validating the appropriate parties or individuals.
Digital Privacy has assembled a solid team of industry veterans, with
expertise in the Internet, security and smart card applications, which establish
it as a leader in the growing technological security marketplace. Digital
Privacy is a publicly held corporation, headquartered in Minneapolis, Minnesota.
For more information on Digital Privacy, visit its web site at <http://www.digital-privacy.com>.
About Debitek
Debitek
has been a leader in the electronic cash industry for over 14 years. Debitek has been providing innovative electronic cash systems
for academic institutions, correctional facilities, corporate campuses,
hospitals, laundries and libraries. Debitek
offers smart card and magnetic stripe systems designed and developed to improve
convenience and save time for its customers as well as their customers. For more
information on Debitek, visit its web site at <http://www.debitek.com>.
About IVI Checkmate
IVI
Checkmate is a major provider electronic transaction solutions provider in North
America. The Company designs,
develops, and markets innovative payment and value-added solutions that optimize
transaction management at the point-of-service in the retail, financial, travel
& entertainment, healthcare, and transportation industries.
For more information on IVI Checkmate, visit its web site at <http://www.ivicheckmate.com>.
CONTACTS: L. Barry Thomson
John J. Neubert
President & CEO
CFO/Executive Vice President
IVI Checkmate Corp.
IVI Checkmate Corp.
(770) 594-6000
(770) 594-6000
This press release contains forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. Management cautions that these statements represent projections and estimates of future performance and involve certain risks and uncertainties. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors including, without limitation, rapid and significant technological developments that could delay the introduction of improvements in existing products or of new products; the Company’s dependence on its limited suppliers of component parts of its products; the Company’s dependence on a limited number of third parties to manufacture its products; the Company’s dependence on its proprietary technologies (which may be independently developed by competitors); the Company’s dependence on a small number of large retail customers; the potential fluctuation in financial results as a result of the Company’s inability to make sales to large customers as well as the volume and timing of bookings received during a quarter and variations in sales mix; competition from existing companies as well as new market entrants; the Company’s dependence on key personnel; and other factors that are contained in documents that the Company files with the U.S. Securities and Exchange Commission.