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    1. Access & Identity
    2. Biometrics

    Transax International Pilots Biometric Security For Healthcare Transactions

    Oct. 20, 2005
    System registers patients with a fingerprint scan when they first present at hospital

    MIAMI, Oct. 18 /PRNewswire-FirstCall/ -- Transax International Limited (OTC Bulletin Board: TNSX), a cost-saving information network solutions provider for the healthcare sector, is pleased to announce that the Company's in-house technical team has successfully developed a biometric (fingerprint reader) version of its Medlink solution on behalf of a major health insurance group in Brazil, and is currently piloting the solution in that region.

    This new biometric security technology version of Transax's Medlink solution is currently in pilot production testing at a major medical laboratory facility in Brazil, which is expected to last up to 60 days. Use of the biometric solution is rendered from the first time a patient visits a medical provider location. The patient passes a magnetic card through a reader for verification and then provides a fingerprint and his/her biometric identity is stored in the Medlink authorizer.

    Transax's Medlink biometric technology is used in conjunction with magnetic stripe or smart cards issued by the health insurer to its policyholders in such a way that, through the Medlink "real-time" adjudication system, information on the magnetic stripe card and fingerprint recognition must match each time a patient requires authorization and adjudication of medical claims. This additional security for the Medlink solution will expedite patient authentication processes while significantly enhancing the security of customer information transfer between the healthcare provider and the insurer.

    Upon certification of the solution, Transax will make the new biometric version available as an option to its current and future clients.

    Transax CEO Stephen Walters said, "In today's world, information security and the need to eliminate fraud at all levels of a healthcare transaction are primary concerns to healthcare providers, patients and healthcare insurers alike, in the effort to lower costs. The addition of biometric technology to our Medlink software suite provides enhanced security to a system that is already designed to provide a host of cost- and time-saving benefits to patients, providers and insurers, but is also expected to translate into additional cost reductions as a result of fewer fraudulent claims."