We are dedicated and committed to working closely with the FIDO Alliance in the development of new systems of security for credit card and mobile payments" - Jeffrey N. Dinardo, Jr.
West Babylon, New York (PRWEB) February 17, 2014
Monkeetech LLC, a program development company located in West Babylon, New York, announced today that it has joined the FIDO Alliance group as an associate member. Monkeetech specializes in credit card fraud prevention systems; mobile wallet security systems and integrated marketing and payment systems. The company currently manages an Intellectual Property portfolio consisting of nine patent pending systems, all in varying stages of development.
"We are dedicated and committed to working closely with the FIDO Alliance in the development of new systems of security for credit card and mobile payments" commented Jeffrey N. Dinardo, Jr., the CEO of Monkeetech. Some of the more notable security programs developed by Monkeetech employ iris scan technology as a method of authentication and identification in mobile, internet and point-of-sale payment transactions; as well as in ATM and bank wire transfer transactions. "Monkeetech's ultimate goal of promoting, and increasing customer confidence in the use of iris biometrics as a means of providing the highest level of security in credit card and mobile payment transactions, has made our decision to join with The FIDO Alliance, that much easier" states Kenneth Carnesi, a Director of Monkeetech.
The FIDO Alliance group is currently working on the development of an open technical specification for stronger User authentication. It is anticipated that the FIDO standard will support a wide range of biometrics; as well as existing authentication solutions. The FIDO Alliance based in Palo Alto, Calif., has grown its membership roster to more than 100 members, including such notables as Google, MasterCard, PayPal and Nok Nok Labs.
For more information on Monkeetech LLC, please visit: http://www.MonkeeTech.com.