BARCELONA, Spain, Feb. 23, 2014 /PRNewswire/ -- From
ShowStoppers @ MWC 2014– ImageWare Systems, Inc. (OTCQB: IWSY)
(IWS), a leader in mobile and cloud-based, multi-modal biometric
identity management solutions, will showcase its
next-generation cloud identity management and authentication
service, GoMobile Interactive™ (GMI), and more at Mobile World
Congress 2014.
Mobile World Congress will be held at the Fira Gran Via in
Barcelona, Spain February
24-27, 2014. Visit ImageWare at booth 7K08 Hall 7, mobile
payment pavilion.
As Silicon India recently reported, the number of active cell
phones will reach 7.3 billion by 2014. In other words, there will
be more in-use cell phones than there are people on the planet
right now. In 2013, the United
States saw more than 12 million identity fraud victims at a
dollar cost of $24 billion, with the
average financial loss per identity theft totaling $4,930. Goode Intelligence predicts that by
the end of 2015 there will be 619 million people using biometrics
on their mobile device.
"Smartphones are having a huge and growing impact on the bottom
line in retail, banking and financial services. Mobile sales hit
$5.9 billion in Q1 2013, nearly 11%
of total web sales of $56.0 billion,
comScore says. In the first quarter, total U.S. retail sales grew
1% year over year, web sales grew 13% and mobile sales grew 31%.
Mobile commerce is growing far faster than the web," said
Jim Miller, chairman and CEO of
ImageWare Systems. "Worldwide mobile payments are expected to
become a $400 billion market by 2015
and global enterprise businesses will be at the forefront to
protect themselves and their consumers. We are pleased to
demonstrate such an important service and technology at MWC 2014
with the IT security industry's most reliable form of identity
theft protection for accessing their gateway accounts via desktop
and mobile devices."
GoMobile Interactive (GMI) is a cloud-based, multi-modal
biometric mobile identity management solution that enables messaged
based unparalleled identity verification for existing and new
mobile banking, mobile wallet, and other mobile applications that
require a next-generation method to automate and verify the
identity of the customer. GMI ensures fraud protection now at risk
though legacy services and verifies user transactions securely and
quickly. ImageWare GMI replaces unsecure, vulnerable usernames,
passwords and pin-codes with voice, facial, palm, finger and iris
recognition, among others. GMI brings U.S. government-hardened and
tested high-end security to an increasingly mobile world.
Messaged based verification is bundled with GMI, and is also
available as a separate application, or service.
GoMobile Interactive is built upon the award winning IWS
Biometric Engine (IWS BE), a SOA based server platform that enables
advanced biometric data process and management with ESB
connectivity. Key features of the IWS BE include:
Scalability: Enroll, identify & verify unlimited
population sizes, Interoperability: Hardware & algorithm
independent processing
, Easy: Future-proof, plug-and-play
software development kits (SDK),
Adaptable: Product modules
that can be implemented together or individually,
Flexible:
License and/or subscription service offering,
Compatible:
Compatible with most biometric products
ImageWare's services are delivered for a one-time enrollment fee
per new customer and a monthly subscription fee basis that will
vary per customer. Services are to be delivered via the Fujitsu
Trusted Public Cloud S5 platform providing fully-configured,
secure, and on-demand IT infrastructure for the ImageWare CloudID
SaaS.
The challenges of complex password requirements and various
kinds of tokens for mobile access are driving information security
and IAM leader's interest in biometric authentication. Gartner
predicts that by the end of 2016, 30% of enterprises will employ
biometric methods for user authentication from mobile devices, up
from 5% today. (Source: Gartner: Good Authentication Choices,
May 2013).
Jim Miller, concluded: "Gartner's
estimate of 30% enterprise adoption for biometrics as the
authentication standard by 2016 presents a huge opportunity for
ImageWare in the projected $400 billion
dollar market place estimated for mobile payments by
2015."
About ImageWare Systems, Inc.
ImageWare Systems, Inc.
(OTCQB: IWSY) is a leading developer of mobile and cloud-based
identity management solutions, providing biometric, secure
credential and law enforcement technologies. Scalable for worldwide
deployment, ImageWare's biometric product line includes a
multi-biometric engine that is hardware and algorithm independent,
enabling the enrollment and management of unlimited population
sizes. ImageWare's identification products are used to manage and
issue secure credentials, including national IDs, passports,
driver's licenses, smart cards and access control credentials.
ImageWare's digital booking products provide law enforcement with
integrated mug shot, fingerprint livescan and investigative
capabilities. ImageWare is headquartered in San Diego, CA, with offices in Portland, OR, Washington, D.C., and Ottawa, Ontario. For more information on
ImageWare Systems, Inc., visit www.iwsinc.com.
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Forward-Looking Statements Disclosure
This press
release may contain "forward-looking statements" within the meaning
of the federal securities laws. In this context, forward looking
statements may address the Company's expected future business and
financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends,"
"plans," "seeks," "will" and other terms with similar meaning.
These forward-looking statements address matters that are, to
different degrees, uncertain. Although the Company believes that
the assumptions upon which its forward looking statements are based
are reasonable, it can provide no assurances that these assumptions
will prove to be correct. All forward-looking statements in this
press release are expressly qualified by such cautionary
statements, risk, and uncertainties, and by reference to the
underlying assumptions.
SOURCE ImageWare Systems, Inc.