Industry Leaders Partner to Bring Biometrics to the
Retail Market
Redwood Shores, CA, and Santa Clara, CA, February
17, 2004 - (OTC BB: CICI) Communication Intelligence Corporation
(“CIC”), the leader in biometric signature verification
and a leading supplier of electronic signature solutions and VeriFone,
Inc., the world’s leading provider of payment solutions, announced
today a reseller and marketing agreement to provide CIC’s products
to VeriFone’s customers and jointly promote their product offerings.
Under the terms of the agreement, CIC will provide
VeriFone with its full range of biometric and electronic signature solutions
targeted at the retail industry. VeriFone will promote CIC’s signature
products to VeriFone’s customers and Value-added Resellers, enabling
them to offer software solutions to address the various electronic document
and transaction process needs of today’s mass merchants. CIC will
also be able to leverage VeriFone’s Omni 7000 series customer
activated terminals in its financial and other vertical market applications.
“The relationship with VeriFone dramatically
extends our reach into the retail space and represents another milestone
in CIC’s initiative to open new markets with industry leading
partners,” stated Robert Williams, CIC’s Vice President
of Retail Sales. “We look forward to working with VeriFone to
strengthen its leading-edge product portfolio with technology that will
enable them to extend the value proposition of their payment solutions
into the retail back-office and other applications.”
The joint product offerings represent an ideal solution
for any application requiring an electronic signature or biometric authentication
in the retail environment. Specific application examples include:
-
Membership and Loyalty Account
Access
-
Private Label Card and Check
Cashing Authentication
-
Rental Agreement and Work
Order Confirmation
-
Secure Employee Sign-in
-
HR and Cash Management Form
Automation.
“With the growing demand for more innovative
and secure technology in the retail point-of-sale market, CIC was the
natural choice for us to enhance our Omni 7000 series product offerings.
Our customers are leaders in their industries and we need to insure
that VeriFone continues to provide them the latest technological advancements
to meet their needs,” stated Jesse Adams, VeriFone’s Executive
Vice President for North America. “This partnership enables us
to provide a diverse set of functionality through our existing signature
enabled hardware and CIC’s software that allows our customers
to easily migrate to a truly paperless environment and realize the immediate
cost savings which that provides.”
About CIC
Communication Intelligence Corporation (“CIC”) is the leading
supplier of biometric signature verification and natural input software
and a leading supplier of electronic signature solutions focused on
emerging, high potential applications including paperless workflow,
handheld computers, smartphones and eCommerce, enabling the world with
“The Power to Sign Online®”. CIC’s products are
designed to increase the ease of use, functionality, and security of
electronic devices and eBusiness processes. CIC sells directly to OEMs
and Enterprises and has products available through major retail outlets
such as, CompUSA, Staples, OfficeMax, and key integration/channel partners
or direct via our website. Industry leaders such as Charles Schwab,
Fujitsu, Handspring, IBM, Oracle, PalmSource, Prudential, Siebel Systems,
Sony Ericsson, Symbol and TVA 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 our website
at http://www.cic.com
About VeriFone, Inc.
VeriFone, Inc., (http://www.verifone.com)
recognized worldwide as the trusted leader in secure electronic payment
technologies, provides expertise, solutions and services for today with
a smart migration strategy for tomorrow. VeriFone is leading the industry
in the delivery of solutions that add value to the point of sale, resulting
in improved merchant retention and the generation of new sources of
revenue for its partners and customers. VeriFone solutions are specifically
designed to meet the needs of vertical markets including financial,
retail, petroleum, government and healthcare. VeriFone has shipped over
eleven million electronic-payment systems.
CIC, its logo and the Power to Sign Online are registered trademarks.
All other trademarks and registered trademarks are the property of their
respective holders.
Forward Looking Statement
Certain statements contained in this press release, including without
limitation, statements containing the words “believes”,
“anticipates”, “hopes”, “intends”,
“expects”, and other words of similar import, constitute
“forward looking” statements within the meaning of the Private
Litigation Reform Act of 1995. Such statements involve known and unknown
risks, uncertainties and other factors, which may cause actual events
to differ materially from expectations. Such factors include the following
(1) technological, engineering, quality control or other circumstances
which could delay the sale or shipment of the products; (2) economic,
business, market and competitive conditions in the software industry
and technological innovations which could affect the Company's business;
(3) the Company's inability to protect its trade secrets or other proprietary
rights, operate without infringing upon the proprietary rights of others
or prevent others from infringing on the proprietary rights of the Company;
and (4) general economic and business conditions and the availability
of sufficient financing.