Jeffrey N. Dinardo, Jr. CEO of Monkeetech, LLC was interviewed today concerning the companyâ€™s recently announced patent pending â€œEyeWatchâ€ credit card fraud prevention system.
June 07, 2013
Earlier today, Jeffrey N. Dinardo, Jr., the CEO of Monkeetech, LLC, a subsidiary of Quality Door & Hardware, Inc., was asked some questions concerning the innovative, patent pending â€œEyeWatchâ€ credit card fraud prevention system.
â€œThe EyeWatch System incorporates iris scan biometric technology and requires that the cardholder opt-in to the system. As a result, there are no privacy issues to speak of, since the cardholder has granted permission to acquire, store and utilize the iris scan resultsâ€ responded Mr. Dinardo to inquiries that privacy issues may be raised.
On the issue of the historical development of the â€œEyeWatch System, Mr. Dinardo offered that â€œMonkeetech worked very closely with law enforcement officials to identify how best to capture and utilize information in the credit card fraud prevention processâ€. â€œOne of those law enforcement officials who was especially helpful in the development of the â€œEyeWatchâ€ system was Officer Vincent Costanza of the Jersey City, New Jersey Police Department. â€œOfficer Costanzaâ€™s insights into the incorporation of biometric technology to our existing system for credit card fraud prevention directly led us to the iris scanâ€ stated Mr. Dinardo. â€œMonkeetech is grateful to Officer Costanza for his time and his contributionâ€