Press Release
ACAL ATM Parts, TPP Group and VSoft to Partner with PassfacesT to offer Patented Authentication - Technology Certified Resellers and OEMs to further distribute Passfaces products
Oak Hill, VA...March 20, 2007..Passfaces Corporation today announced strategic partnerships to increase the availability of Passfaces bidirectional authentication solution. New resellers include ACAL ATM Parts located in Camberley England, TPP Group located in Baulkham Hills, NSW, Australia and VSoft located in Duluth, Ga. ACAL ATM Parts and TPP Group have become certified resellers and VSoft is an OEM partner. The resellers will offer the Passfaces product line which includes Passfaces Web Access and Passfaces for Windows. VSoft will integrate Passfaces Web Access into their e-Desk iMerchant Capture software solution. Passfaces offers a strong bidirectional authentication product that builds customer confidence while supporting business risk management objectives.
Shaun Froome, Managing Director of ACAL's ATM Parts operation summarized "in a week when the UK Payments Association, APACS, announced an annual increase of 44% in on-line banking fraud, the timing of our partnership with Passfaces is an exciting proposition for our security division as they leverage this exceptional technology in supporting our customers in the battle to protect consumers against on-line fraud."
Passfaces patented bidirectional authentication technology leverages the brain's innate ability to recognize human faces. Passfaces authenticates the person, rather than a device or piece of software and cannot be forgotten, lost or stolen. The technology meets all requirements for consumer authentication - security, usability, reliability, portability, manageability and low cost.
"TPP Group has specialized in IT security solutions for over 20 years and we are continually searching for authentication options which are inexpensive both to purchase and to administer and which would also be easily accepted by the end users," said Cedric Bradbury, CEO, TPP Group. "We were immediately impressed with Passfaces and with the ease in which all our staff were able to recognize their assigned logon faces. TPP Group is really pleased to now be able to offer this exciting new product to Government and Businesses in Australia and New Zealand. Passfaces will be sold as a stand alone authentication solution."
"We are pleased to add these fine organizations to our growing list of partners. The need for new authentication solutions continues to grow because of the way organizations do business. It has become more imperative to secure network data, intellectual property and online transactions," said Paul Barrett, CEO, Passfaces. "Our new partners deal with a broad range of clients covering a variety of industry sectors in diverse geographical regions. These partners now have the ability to offer their customers a complimentary authentication mechanism to further enhance their security." "VSoft is looking forward to working with Passfaces to offer multifactor authentication in our iMerchant Capture solution," said Murthy Veeraghanta, president, VSoft Corporation. "Security and authentication is a key concern within the financial industry, and the seamless integration of Passfaces technology into our solution allows us to provide our customers with the next level of security and fraud prevention. VSoft's check imaging experience coupled with Passfaces authentication technology forms a solution that combines the best of both companies."
About ACAL ATM Parts Acal is a leading value-added distributor providing specialist design-in, sales and marketing services for international suppliers in the fields of Electronic Components, IT Products and IT Parts Services. Founded in 1986 Acal has, through a combination of acquisition and organic growth, developed into a major player in each of these product groupings. Acal employs approximately 1000 people, offering particularly strong sales and marketing expertise. It is through these skills that Acal can focus on the demand creation and high standards of technical support which differentiate it from other distributors. Organized into three Divisions, Acal has 17 principal trading companies of which 10 are in Continental Europe and 7 in the United Kingdom. In addition Acal has a presence in the Far East, including China, through its associated companies. Each operating company has considerable operating autonomy, enabling it to respond to the needs of its local markets in a timely and flexible manner. Learn more at www.acal-atmparts.com
About TPP TPP Group is an Australian company which has specialized in securing corporate networks and data since 1983. The Group's Australian and New Zealand customers include Government and leading corporations across many industry sectors. The Group specializes in providing solutions that facilitate secure remote access to systems for staff, business partners and customers. Our range of solutions include leading firewalls, authentication servers and tokens, data and disk encryption products plus Public Key Infrastructure (PKI) services. We are also able to integrate all of these solutions with the world's leading single sign-on solution, SecureLogin Single Sign-On. The Group's services traverse security risk assessment, requirements definition, product sales and technical support plus integration services and project management. Learn more at www.tpp.au.com
About VSoft Corporation A global information and technology provider of process improvement solutions for financial institutions, Atlanta-based VSoft Corporation has been offering scaleable, flexible solutions since its inception in 1996. Led by industry experts with a proven track record in excellence, VSoft Corporation is proud of its ability to provide technology designed for easy implementation and migration from the proprietary banking systems of the past. VSoft's experienced systems integration teams ensure that every customer is met with VSoft Advantage. VSoft Corporation has multiple products, services and support that cover distributed capture, back office, operations, lockbox processing, Check 21 legislation, and retail functions. These solutions are designed to maximize core efficiencies while reducing operational costs. More information about the company can be found at www.vsoftcorp.com
About Passfaces Passfaces is an information security technology company based in Virginia. The Company was founded in 2000 to commercialize an innovative, patented strong authentication technology that leverages the brain's innate cognitive ability to recognize human faces. Our PassfacesT products offer business, financial services, government, healthcare and OEM customers a cost effective, fully scalable and highly reliable strong authentication solution that supports business risk management objectives and is both liked and trusted by users. For additional information and to demo Passfaces technology, see: www.passfaces.com
For more editorial information, please contact:
Steve Weeks
ATM Parts Co
Units 11 & 12 Admiralty Way
Camberley
Surrey
GU15 3DT
Tel: +44 (0) 1276 607200
Fax: +44 (0) 1276 607231
e-mail: info@acal-atmparts.com