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Press ReleaseUVIX Corporation Enters Into Agreement With BioPayBOCA RATON, FL - Jan. 30, 2003 - UVIX Corporation (www.uvix.com), a leader in biometric and security solutions, and Herndon, Va.-based BioPay, LLC today announced an agreement under which UVIX Corporation will offer the BioPay line of products and services to eliminate fraud, increase revenue, and improve customer convenience."Check fraud remains a large problem for many merchants. BioPay offers an affordable solution that we can now offer to merchants," said UVIX President and CEO Steven J. Ziman. "Because biometric technology provides the best defense to combat various types of fraud, we are pleased to add BioPay's range of products to our arsenal of fraud-prevention weapons and tools. As a value added reseller (VAR) of BioPay products and services, we will benefit from additional revenues while providing merchants with market-leading biometric payment technology." UVIX Corporation will offer merchants BioPay's market-leading check cashing system. The system electronically captures a customer's fingerprint, stores a template of the fingerprint image, and then records check-cashing transactions associated with that person. A customer's negative check-cashing information is stored in a central database and shared between all merchants using the BioPay system. Advanced alert mechanisms warn the clerk of a potential bad check before the transaction is completed, enabling the transaction to be declined before it is processed, saving the store money it may have otherwise lost. ABOUT UVIX CORPORATION Founded in 1999, UVIX Corporation develops and manufactures state-of-the-art biometric and security solutions and provides turnkey biometric systems directly to end users. UVIX security and fraud-prevention systems are used in numerous commercial, residential, government, defense, aviation, financial and law enforcement applications. The company's technology is setting the pace for the biometrics industry. For more information about UVIX or its advances in biometric technology, visit the company's website at http://www.uvix.com. ABOUT BIOPAY, LLC Established in 1999, BioPay(SM) provides smart, secure methods for processing financial transactions. Its biometric systems help businesses substantially reduce fraud and give consumers a convenient, easy way for cashing checks and paying for purchases. BioPay's patent-pending systems for merchants, banks and financial service organizations have been implemented across the nation. BioPay's value to consumers and merchants has created the nation's largest commercial electronic fingerprint database. For more information on BioPay and its industry-leading products, please visit http://www.biopay.com. CONTACT: Millicent Rose, Media Relations UVIX Corporation 561-962-4134 mediarelations@uvix.com http://www.uvix.com |
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