BSI2000 Files Patent Application for Optical Bank Cards
Thursday April 22, 9:35 am ET

DENVER, April 22 /PRNewswire-FirstCall/ -- BSI2000, Inc. (OTC Bulletin Board: BSIO - News), a leading developer of integrated optical card based systems and technology, announced today that it has filed a patent application that covers the use of optical bankcards for a wide variety of financial applications.

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The application has 23 claims and covers methods and processes for executing and tracking financial transactions such as savings accounts, cash transfers, payroll distributions, loans and mortgages, insurance programs and bill payments with optical cards. Security issues regarding biometric authentication of customers, crypto protection of financial information residing on optical cards and on-card transaction audit trails are extensively covered.

Titled "Optical Banking Card," the application includes by reference two previous patent applications filed by BSI2000 -- "Optical Card Based System for Individualized Tracking and Record Keeping" and "Cryptographically Secure Transactions with Optical Cards."

BSI2000 President Jack Harper said, "This new patent application provides extensive coverage and protection for our MicroBanker 2000(TM) system that we are developing initially for rural markets in South Africa. We have designed the system to provide secure and economical 21st century banking services to the hundreds of millions of people all over the world that live in cash and barter economies. This includes people not just in South Africa but also in India, China, Pakistan, Indonesia and many other countries. We are aggressively strengthening our intellectual property base in this area in a way that we believe is building a fundamental and valuable asset for our shareholders."

(Voluntary Disclosure: Position- Long)