|1||US 15/507,709||Francisco Schipperheijn||Pending|
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Infinacom is a company founded by key executives and innovators from globally recognized corporations in the biometric, credit card and identity cards sectors. The accomplishments of our founders propelled their respected companies to market leading positions. Highlights include:
The formation of Infinacom is a direct result of the growing global problem related to credit card fraud, which is estimated to reach $30 billion dollars by 2020 if a good solution is not put in place. Recognizing the need and that there is no standard payment solution to combat both card-present and card-not-present transaction fraud we formed the Company. We have attracted industry leaders that all share a common vision to resolve the alarming growth in global credit card fraud. The multitude of deficiencies in identity verification pertaining to the financial transactions is our primary focus. The experience and characteristics of our team members complement our stated corporate objective. Quickly becoming recognized, biometric verification is the leading choose to combat transaction fraud. Our ambition is to introduce the world’s first real and virtual world biometric solution.
“We have positioned Infinacom to become a global leader in biometric based security solutions. From financial payment transactions to identity verification, Infinacom has the team and the technology to fulfill our mandate.” - Cisco Schipperheijn, Infinacom Founder.
“Intelligent Class” biometrics marks a new era in biometric technology. This is the foundation of both our physical and virtual payment and identity cards. The capability of this technology extends far beyond simple data capture and biometric authentication. We welcome inquires to discuss the impact this technology will have on the Future of the Financial Payment and Identity Verification sectors.
We are proud to introduce, the world’s first “Virtual Biometric Credit card”. We designed the virtual biometric card to deliver a frictionless user experience while maintaining the highest level of security. The virtual card is part of complete biometric solution and we issue it in parallel with our standard biometric card. This results in one common solution, to secure all three financial transaction environments.
The Market is the prevention of $30 Billion dollars in annual global losses due to financial fraud and growing. Research conducted by payments software vendor ACI Worldwide confirms that a quarter of the world's consumers were victimized by card fraud in the past five years, and financial institutions are losing customers as a result. The study also found that 63% of fraud victims reduced their use of cards; 55% of victims of identity theft were "very concerned" about reclaiming their financial identity; and more than 1 in 10 experienced fraud multiple times over the past five years. Nearly one-fifth of the respondents lacked confidence that their financial institution could protect them against fraud. The Answer to this is our next generation “Intelligent Class” Biometric Card.
The designation “Intelligent Class” describes attributes of both Biometrics and our Automated Dynamic Encryption (AD-PIN) used both on the card and applied to the transaction authentication process. In terms of security, this insures no two cards operate the same. Highlights include:
As is clear from the 2003 “DHS Generis” prototype pictured above, members of our executive team have been involved in developing state of the art biometric technology for some time. We have designated the next generation of this technology as “Intelligent Class” Biometrics. This is the foundation of both our physical and virtual payment and identity cards. With our advance digital signal processing technology, we see an impact on noise reduction producing a greater signal to noise ratio that delivers a more accurate biometric.
As much security as there is to gain from the implementation of Biometric Verification, reckless deployment can be just as much of a burden. For example, a password can easily be changed, once your biometric data has been compromised, there is no means of recovery.
Despite the importance placed on patents, on our defensibility list, in terms of priority, patents place fourth (4th). In order of importance, first (1st) we consider the level of difficulty required to replicate our technology. The second (2nd) consideration we base on is first to market advantage and the third (3rd) is, does the technology pose leading market positioning.
The introduction of intelligent class biometric technology alongside strengthened security processes that eliminate exposure to potential fraud have the ability to reduce credit card fraud to near zero levels. The past has shown that along with increased credit card security it is often to the detriment of the user experience. The “Infinum One” solution pays equal attention to providing the best possible users experience coupled with the highest level of security.
Provide an advanced, innovative and secure biometric solution to the financial transaction sector.
Deliver to the user, the same frictionless secure transaction experience across all platforms.
Our Vision is to be the leading global provider of Biometric Transaction Security Solutions.
Last week, CEO Keith Goldstein and inventor Cisco Schipperheijn spoke to Mr. D’Albore, from Embedded Security News, to talk about Infinacoms new AI based transaction technology that enables biometric secure transactions seamlessly across all platforms. You can view portions of that discussion in the new report titled “Research: The Rise of Biometric Cards – Edition February 2018” by Embedded Security News.