International Automated Systems, Inc.'s Fingerprint-Secured Debit Card Program To Be Featured at Debit Card Industry Forum

AMERICAN FORK, Utah, Feb. 25 /PRNewswire/ -- Randy Johnson, vice president of International Automated Systems, Inc. ("IAS") (OTC Bulletin Board: IAUS) will be an invited speaker and the company's new fingerprint secured debit card system will be featured at Faulkner & Gray's eighth annual Debit Card Forum Convention, to be held in Orlando, Fla., February 27-29, 2000. The annual event attracts an international audience of industry executives and specialists, including managers of bank debit card programs, retail banking officers, bank operations/DP managers, electronic funds transfer (EFT) network and point-of-purchase sales executives, credit card executives, retail executives, ATM professionals and third-party processors.

International Automated Systems, Inc. successfully developed and piloted the first fingerprint-secured debit card program in a retail environment. The company's technology, consisting of hardware and software having been incorporated into a security device attached to a computer, banking or retail sales terminal, has been approved by the American Clearing House for use in securing commercial and banking transactions, including Internet transactions.

Technology developed and marketed by International Automated Systems, Inc. provides positive, cross-referenced identification of persons based upon three-dimensional fingerprint images. It allows users and subscribers to post transactions at an Automated Fingerprint Identification Machine (AFIM)-enabled terminal using a data-encoded "magstripe" card containing specific banking information and cross-referenced to the individual's real-time fingerprint identity. With the AFIM system, anyone, anywhere may engage in interstate or international commerce secured by personal identity and funds availability, regardless of where they bank.

Retailers, banks and any business that has a need for guaranteed transactions may subscribe to the service, which requires the installation of the AFIM system connected to International Automated Systems, Inc.'s fingerprint identification database. Upon processing an inquiry and providing a positive identification, the system assigns an identification number to the fingerprint identification that becomes embedded in the transaction information. The system, which potentially could spell the end to credit card fraud, is designed not only to prevent fraudulent identification but also, through the embedding process, to prevent duplicate transactions being posted to the individual's account.

"After only five months of an ongoing beta-test, approximately 50% of the households in the pilot city already purchase groceries from the local supermarket using our consumer, fingerprint-secured debit card system," said Neldon Johnson, president and chief executive officer of International Automated Systems, Inc. "We are encouraged by the interest that is building and believe we have a business solution that will rapidly catch on among industry decision makers actively seeking a 'bullet-proof' method of securing transactions," said Johnson.

International Automated Systems, Inc. develops high-technology products designed for increasing business efficiency, transactional security and access control. Visit the company's web site at

NOTE: Statements contained in this release that are not strictly historical are forward-looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties that may cause the company's actual results to differ materially from such forward-looking statements. These risks and uncertainties include, but are not limited to, demand for the company's product both domestically and abroad, the company's ability to continue to develop its market, general economic conditions and other factors that may be more fully described in the company's literature and periodic filings with the Securities and Exchange Commission. This is not a solicitation to buy or sell securities and this does not purport to be an analysis of the company's financial position.

SOURCE International Automated Systems, Inc.