A Single Terminal Now Handles Record and Payment Transactions
New Orleans,February 5, 2001 -- CardLogix, a leading smart card technology platform provider and Innovonics, a provider of hardware-based encryption products for secure online transactions, have developed a card and reader combination for transacting patient records and payments with a single desktop terminal. The Innovonics patented PC Pay® device and CardLogix multifunction smart card platform enables hospitals, doctors and insurers to access and update medical records and process payments via a combination smart/credit/debit card reader and third-party software. Now, vital healthcare administrative functions can be performed more securely with smart card authentication and more conveniently using a single, compact desktop device. The announcement was made at the HIMSS tradeshow, where CardLogix and Innovonics are demonstrating the solution at Booth 1138. The Innovonics PC Pay card reader combines in a single device the convenience of electronic payment and the tremendous security and the processing power of smart cards. The CardLogix smart card stores and synchronizes data from patient medical records, central database and benefit status, using advanced encryption to secure all information. Access to card data is granted via mutual authentication, a security measure that verifies patient identity and user identity to guarantee privacy and guard against fraud. The device can also be configured to work with credit card and debit card payment networks, so that billing and payment transactions are securely performed and automatically updated to patient and benefits records residing on the same card. Additional applications include loading prescriptions onto the card that allows pharmacists to read the data with clarity, helping prevent the possibility of patients getting the wrong medications, thus lowering the liability to the doctor, pharmacist and insurance providers.
Easy Integration With Current Systems
The PC Pay smart card device considerably enhances records and billing by leveraging existing computer infrastructures. Innovonics offers PC Pay® Developer Kits with several interface software choices for the creation and management of a custom payment and smart card system. Each kit also includes CardLogix' Winplex®, a powerful 32-bit Application Program Interface (API) with support for Visual Basic, Visual C++ and Delphi.
Price And Delivery
Developer kits are currently available and include two PC Pay devices, five smart cards, interface software and documentation. The PC Pay developer kits that include CardLogix Winplex® API are currently $789 each. The kits can be purchased from both CardLogix and Innovonics.
CardLogix is a leading manufacturer of smart cards and software for the secure transaction of data and value. The CardLogix smart card technology platform is the basis for innovative applications throughout the world in healthcare, security, finance and entertainment. For more information, contact CardLogix at firstname.lastname@example.org or www.cardlogix.com and (949) 380-1312. About Innovonics, Inc.Innovonics, a subsidiary of MerchantOnline.com, was founded in 1991 and has customers in over 45 countries. Innovonics' customers include many large banks, credit unions, e-commerce companies, computer and software companies, and the U.S. Government. For more information, contact Innovonics at www.innovonics.com and (602) 906-1000.
Founded in December 1997, MerchantOnline.com (OTCBB: MRTO), provides a secure transaction network that enables businesses and consumers to use one payment system for both their real world and virtual world needs utilizing credit card, ATM/debit card and other payment programs. For more information see www.merchantonline.com Except for historical matters, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect assumptions and involve risks and uncertainties, which might affect the company's business and prospects and cause actual results to differ materially from these forward-looking statements. Innovonics and PC Pay are registered trademarks of Innovonics, Inc. Innovonics' products and technologies are patented in the US and other countries under patents issued and pending, including US patent numbers 5,517,569, 5,815,577, and 367,472.