Innovative Card Technologies, Inc. (OTCBB:INVC), developer of the breakthrough one-time password ICT DisplayCard for secure online transactions, has signed a reseller agreement with IdentiPHI, a leading provider of enterprise security solutions. Under the agreement terms, IdentiPHI will resell the ICT DisplayCard to its customers.
"With a strong background in providing enterprise security solutions to top technical and telecommunications clients, InCard welcomes IdentiPHI as a strategic distribution partner for the ICT DisplayCard," said John A. Ward, III, chairman and CEO of InCard. "This partnership is a key step forward in executing InCard's strategy of creating a distribution web of top-tier security solutions providers."
The ICT DisplayCard was developed to provide secure online authentication in a convenient card format. A one-time password authentication token in thin card form that can be kept in a wallet, the ICT DisplayCard is always at hand when needed "" solving the common problem of misplaced fob-style tokens. Beyond offering a form factor advantage over traditional fob-style tokens, ICT DisplayCard is ISO-certified and can be issued as a payment card with one-time password security technology directly integrated, or as an identification badge with physical and data access capabilities.
"IdentiPHI embraces the adoption of smart cards in the United States and believes that by leveraging a single device for both PKI and smart card authentication for internal users as well as one-time password authentication to external remote users provides significant value to our customers," said Peter Gilbert, CEO of IdentiPHI. "The ICT DisplayCard provides dual-factor authentication in a familiar and convenient form factor, and is a valuable addition to our security solutions suite."
About IdentiPHI
Headquartered in Austin Texas, IdentiPHI is an innovative technology company offering a comprehensive suite of enterprise security solutions and consulting services. IdentiPHI provides flexible tools that meet or exceed current legislation requirements to strengthen identity management and authentication systems. Clients include AT&T, Whirlpool, and Bridgestone. 888-436-8744 or http://www.identiphi.net.
About Innovative Card Technologies
InCard Technologies (OTC:INVC.OB) was founded in 1993 with a vision for a new kind of payment card, and has since raised industry expectations for issuers' customer retention rates and payment card performance. The ICT DisplayCard, InCard Technologies' latest product, features a screen on the front of the card, which is powered by an integrated battery, circuit, and switch. This screen displays a one-time password to verify the presence of the card during online transactions or data systems login. www.incardtech.com.
This press release contains forward-looking statements. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. The Innovative Card Technologies, Inc. refers interested persons to its most recent Annual Report on Form 10-KSB and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and Innovative Card Technologies has not assumed any duty to update any forward-looking statements.
