NoSSN - IT'S HERE. VeriPay, implantable RFID payment chip, unveiled today in Paris

IT'S HERE. VeriPay, implantable RFID payment chip, unveiled today in Paris
November 22, 2003

It's here.

The implantable RFID payment chip I predicted 4 years ago was unveiled to the world today in Paris, France (see full story below). The "VeriPay" chip contains a unique ID number associated with the individual in whom it is embedded. This unique ID number can be linked to credit card or other payment method and communicated to merchants by merely holding the chipped body part up to an RFID reader/sales device.

Though it is not clear which part of the body the company targets for payment chip implantation, my guess is that the upper arm (where the company's "Verichip" product is currently embedded) would be too cumbersome to wave at a reader device. More likely, the chip will be embedded in an individual's hand or wrist to facilitate the "wave and go" payment system currently possible with the Mobil Speedpass-Timex Wristwatch system. (See: http://www.timex.com/speedpass/

This is personally very relevant to me, since I founded CASPIAN in 1999 on the prediction that this very technology would soon be knocking at humanity's door.

With sincerest wishes for continued freedom,

Katherine Albrecht

Founder and Director

CASPIAN - Consumers Against Supermarket Privacy Invasion and Numbering

http://www.spychips.com

http://www.nocards.org

http://www.boycottGillette.com

p.s. While CASPIAN is a secular organization that welcomes members from all faiths and backgrounds, I am aware that there are many Christians on this list who will find the biblical book of Revelations, 13:16-17, extremely relevant to this development. This is the passage that predicts a time in the future when a mark on the hand or forehead, containing a number, will be universally required to buy or sell.

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Applied Digital Solutions' CEO Announces

``VeriPay'' Secure, Subdermal

Solution for Payment and Credit Transactions at ID World 2003 in Paris

Friday November 21, 9:30 am ET 2003

http://biz.yahoo.com/bw/031121/215207_1.html

PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 21, 2003--Applied Digital Solutions, Inc. (Nasdaq: http://finance.yahoo.com/q?s=adsx&d=t

ADSX

- http://finance.yahoo.com/q/h?s=adsx

an advanced technology development company, announced that the Company's Chief Executive Officer, Scott R. Silverman, in his speech today at the ID World 2003 in Paris, France, revealed the Company's newest subdermal RFID solution called VeriPay(TM).

VeriPay is intended to be a secure, subdermal RFID (radio frequency identification) payment technology for cash and credit transactions.

[emphasis added]

About the size of a grain of rice, VeriChip(TM) is the world's first subdermal, radio frequency identification (RFID) microchip that can be used in a variety of security, financial, emergency identification and other applications.

The VeriPay announcement came just a few days after a USA Today article (November 17, 2003) about emerging technologies highlighted one of the major limitations of using RFID technology for payment and credit transactions. After discussing various potential formats for RFID payment systems, including cards, earrings or pens, the USA Today article stated: "Still, experts note that one big hurdle remains for RFID systems: security. Lose your RFID-enabled card or earring, and someone else could easily use it to run up charges - especially if no signature is required."

In that same article, an executive with a major credit card company said this about his company's RFID payment technology: "Ultimately, it could be embedded in anything -

someday, maybe even under the skin

[emphasis added]

At ID World 2003 in Paris, Mr. Silverman made the point that the subdermal RFID VeriPay technology specifically addresses the security issue.

VeriPay's unique, under-the-skin format offers a much more secure, tamper-proof, and loss-proof solution. VeriPay brings to consumers the benefits of fast and reliable RFID technology along with the security of a subdermal format.

[emphasis added]

In announcing VeriPay to ID World delegates, Mr. Silverman expressed his belief that VeriPay has

enormous marketplace

potential and invited banking and credit companies to partner with VeriChip Corporation in developing specific commercial applications, beginning with appropriate pilot programs and other market tests, for the VeriPay subdermal RFID solution

[emphasis added]

About ID World 2003

ID World is organized by Wise Media, S.p.A., based in Milan, Italy. This year special attention will be given to the future of security systems. The modern security infrastructure relies on specialized systems, software applications and technical standards built on different foundations for the physical world (i.e. access control to buildings) and the virtual world (i.e. IT security). With industrial spies, terrorists, hackers and vandals increasing their ability to operate in both environments, the traditional compartmental approach to security is evolving towards an increasingly holistic view. Key industry players that traditionally focused either on physical or digital security explain how the boundaries of these worlds are blurring and how global security infrastructures are converging to address both environments with integrated solutions.

Over 30 speakers will take the stage at ID WORLD 2003, a majority of which are senior corporate executives and key industry players. Confirmed speakers include: David Slinger, General Manager of Texas Instruments RFID; Mauro Benetton, Marketing Manager of the Benetton Group and President of Lab ID; Dr Joseph Atick, President and CEO of Identix, Joseph Grillo, President and CEO of Assa Abloy ITG; General John Watkins, former director of the Pentagon's Defense Information Systems Agency; and Francois Darcy, Directeur Projet Titre Fondateur - Ministere de l'Interieur, Republique Francaise.

For more information about ID World 2003, visit http://www.idworldonline.com

For more information about Global ID Magazine, visit http://www.global-id-magazine.com/

About VeriChip(TM)

VeriChip is a subdermal, radio frequency identification (RFID) device that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number that is captured by briefly passing a proprietary scanner over the VeriChip. The standard location of the microchip is in the triceps area between the elbow and the shoulder of the right arm. The brief outpatient "chipping" procedure lasts just a few minutes and involves only local anesthetic followed by quick, painless insertion of the VeriChip. Once inserted just under the skin, the VeriChip is inconspicuous to the naked eye. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip is not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip's healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions (Nasdaq: http://finance.yahoo.com/q?s=adsx&d=t

- http://finance.yahoo.com/q/h?s=adsx

). For more information about VeriChip, visit http://www.adsx.com/

About Applied Digital Solutions, Inc.

Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the Company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions owns a majority position in Digital Angel Corporation (AMEX: http://finance.yahoo.com/q?s=doc&d=t

- http://finance.yahoo.com/q/h?s=doc

). For more information, visit the Company's website at http://www.adsx.com.

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Consumers Against Supermarket Privacy Invasion and Numbering. (CASPIAN) is a grass-roots consumer group fighting retail surveillance schemes since 1999. With members in all 50 U.S. states and more than 20 nations around the globe, CASPIAN seeks to educate consumers about marketing strategies that invade their privacy and to encourage privacy-conscious shopping habits across the retail spectrum.

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For CASPIAN's overview of RFID product identification and tracking technology, please see: HYPERLINK "http://www.BoycottGillette.com/aboutrfid.html"

http://www.stoprfid.org/rfid_overview.htm

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