Heightened Security Needs Increase Demand for Biometric Identification

Larchmont, NY - August 7, 2002 - TimeLink, a leading provider of workforce management and data collection solutions, today announced the increasing momentum of their leading biometric data collection solutions. The utilization of biometric authentification has continued as one of the most popular workforce data collection methods for integration into TimeLink's workforce management solutions.

While the technology has been on the market for decades, TimeLink has seen its increasing popularity in workplaces as a means of time entry and access control. The coupling of time entry and access control functionality is a logical synthesis, as they both can be extended to the same terminal. At a single device, valid employees can now enter time, labor, and also activate the release of door locks. Across all verticals, TimeLink clients are gaining confidence utilizing an automated time recording solution that also offers accurate security functionality.

The demand for biometric authentification is not only based on security needs, but also on the costly obstacle of time fraud. According to the Association of Certified Fraud Examiners in a 2002 report, it is estimated that 6% of revenues will be lost in 2002 as a result of occupational fraud and abuse. Applied to the U.S. Gross Domestic Product, this translates to losses of approximately $600 billion, or about $4,500 per employee. One of the most common types of time fraud, 'buddy punching,' is eliminated with the use of biometrics because there are no badges to share among employees. With the use of biometrics to eliminate attendance fraud, clients see a rapid return on their biometric investment.

"Biometrics has lost its reputation as a space-age technology, and is implemented for its price-value as well as its unmatched accuracy," stated Edward M. Rizzo, Jr., EVP of Corporate Development at TimeLink. "Among our variety of data collection technologies, our biometric offering continues its popularity as a leading method for collecting time and administering access control."

TimeLink's biometric data collection offerings include hand identification and finger identification. Biometrics eliminates the need for badges by reading the geometry of a human body part (i.e. finger, hand, face.) > For more information

About TimeLink

Headquartered in Larchmont, New York, TimeLink is the premier provider of workforce management and data collection solutions that enable organizations to both enhance employee productivity and leverage their investment in technology. Its powerful application functionality includes: the most robust employee time and attendance calculation engine available, employee scheduling, access control, accruals, and labor activity tracking. TimeLink also offers products that can directly integrate base data with existing mission critical systems, such as an Enterprise Resource Planning (ERP) system.

Want to learn more? Contact TimeLink.