SOURCE: BIO-key International, Inc.

BIO-key International, Inc.

March 10, 2014 08:00 ET

AEON Credit Services Deploys BIO-key Fingerprint Authentication

One of Asia's Leading Credit Providers Using Fingerprint Authentication in Call Centers

WALL, NJ--(Marketwired - Mar 10, 2014) -  BIO-key International, Inc. (OTCQB: BKYI), a global leader in fingerprint biometric identification solutions, advanced mobile authentication and identity assurance technologies, today announced that AEON Credit Services has deployed BIO-key fingerprint authentication for their customer support centers in Malaysia.

AEON Credit Services, integrated BIO-key technology to cut help desk costs by reducing the frequency of password resets, protect access to 18 applications, including access to critical applications during non-traditional business hours, simplify compliance by tracking and reporting user access, reduce staff social networking activities, strengthen security and enhance the overall experience for the user and customer. AEON Credit is a subsidiary of AEON Credit Service Co. Ltd, Japan (AEON Credit Japan), which is listed on the First Section of the Tokyo Stock Exchange. The company is primarily involved in the issuance of credit cards and it currently has more than 29.76 million card members. It is one of the biggest credit card issuers and a leading consumer credit provider in Japan.

As an IBM Ready for Security Intelligence partner, BIO-key worked together with integration partner Dancom, a leading telecommunications and IT provider to deliver an integrated biometric authentication solution within AEON's IBM Security Access Manager for Enterprise Single Sign-on (ISAM ESSO) platform. The integration enabled thousands of AEON call center agents to replace the use of passwords with fingerprint authentication; creating a measurable time savings for the organization. "This is an example of how IBM and BIO-key work together to deliver successful intelligent identity and access solutions to help increase the value to our mutual customers" said, Michael Loria, Vice President Business and Corporate Development, IBM Security Systems.

"When we reduce the time to authenticate and migrate between transactions, we create a better user experience for the agent and the customer. Efficiency translates to better business and additional revenue," stated Jim Skidmore, Senior Vice President Global Sales and Channel Development at BIO-key. "We recognize that when consumers share personal or financial information with utility companies, credit service providers or retailers they're vulnerable to identity theft. BIO-key technology vastly reduces the threat of identity theft, because employees understand that there is a secure audit trail for each and every action and transaction."

About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions to commercial and government enterprises, integrators, and custom application developers. BIO-key's award winning, high performance, scalable, cost-effective and easy-to-deploy biometric finger identification technology accurately identifies and authenticates users of wireless and enterprise applications. Our solutions are used in local embedded OEM products as well as some of the world's largest identification deployments to improve security, guarantee identity, and help reduce identity theft. BIO-key's technology is offered directly or by market leading partners around the world. (http://www.bio-key.com)

BIO-key Safe Harbor Statement
Certain statements contained in this press release may be construed as "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Act"). The words "estimate," "project," "intends," "expects," "anticipates," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue, our ability to develop new products and evolve existing ones, wider market acceptance of biometric technologies, our ability to raise additional financing, our ability to attract and retain key personnel. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, Inc., see "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2012 and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to disclose any revision to these forward-looking statements whether to reflect events or circumstances after the date hereof or otherwise.

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