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At a global security conference held today in Paris, an American company announced a new syringe-injectable microchip implant for humans, designed to be used as a fraud-proof payment method for cash and credit-card transactions. The chip implant is being presented as an advance over credit cards and smart cards, which, absent biometrics and appropriate safeguard technologies, are subject to theft, resulting in identity fraud. Identity fraud costs the banking and financial industry some $48 billion a year, and consumers $5 billion, according to 2002 Federal Trade Commission estimates.

FDA Says It Won't Regulate Implanted ID Chip Tue Oct 22, 5:30 PM ET NEW YORK (Reuters Health) - Sales of an identification chip intended to be implanted in a person's body will resume immediately now that the US Food and Drug Administration (news - web sites) (FDA) has completed its review of the device, the chip's maker Applied Digital Solutions Inc. announced Tuesday. The company made headlines this spring after a Florida family became the first ever to be implanted with VeriChip. The device, about the size of a grain of rice, is implanted under the skin and works...

<p>PALM BEACH, Fla.--(BUSINESS WIRE)--April 4, 2002--Applied Digital Solutions, Inc. (Nasdaq: ADSX), an advanced technology development company, announced today that it has received written guidance that the U.S. Food and Drug Administration (FDA) does not consider VeriChip(TM) to be a regulated medical device.</p>

Tuesday March 19, 9:59 am Eastern TimePress ReleaseSOURCE: Applied Digital SolutionsDigital Angel Corp. Enters Into a Relationship With Microsoft MapPoint to Strengthen GPS Mapping Capabilities for U.S. and Global Partners Agreement will enable Digital Angel to meet growing demand for accurate GPS mapping services in global markets PALM BEACH, Fla.--(BUSINESS WIRE)--March 19, 2002-- Applied Digital Solutions, Inc. (Nasdaq: ADSX - news), an advanced technology development company, announced today that Digital Angel Corporation, its wholly owned subsidiary, has signed an agreement with Microsoft® MapPoint® (Nasdaq: MSFT - news) in order to strengthen its worldwide GPS mapping capabilities. Commenting on the new...