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« May 15, 2003 | Main | May 20, 2003 »

May 19, 2003

Avoiding Biometrics

Over the last year or so, we've been doing a lot of work with various biometric authentication technologies -- including my partner Allen Weinberg's latest Advisory Report "See Me, Hear Me, Touch Me" that discusses how biometric technologies might apply to applications in the financial services industry. Over the weekend, we came across this story in CNN's Offbeat news section. We've heard of folks trying hard to avoid being identified, but this one takes the cake!

Shortly after he was arrested, prosecutors said Olusajo tried to conceal his identity by soaking his fingers in a jail toilet, then chewing away the softened skin. He was unsuccessful, according to prosecutors.
Amazing!

MasterCard's 10-Q available online

Last week, MasterCard filed its most recent 10-Q report with the SEC. It includes some additional information on the merchant settlement. For the first quarter of 2003, MasterCard reported revenues of slightly over $500 MM as compared to $392 MM the year earlier. MasterCard's net income would have been about $50 MM for the quarter except for the settlement costs charged in the quarter of $721 MM. As part of it's 10-Q filing, MasterCard also filed a revised Executive Incentive Plan.

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