Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

IrisGuard is transforming banking transactions

Monday, April 14, 2008

Cairo Amman Bank has awarded a contract to IrisGuard Inc., to provide an iris biometric identification management system for Cairo Amman Bank’s IT platform. The new IrisGuard iBank Suite will be used to authenticate banking transactions for all the bank’s customers.

Cairo Amman Bank is the first bank in Jordan to deploy IrisGuard iBank Suite iris cameras at all branches in Jordan and Palestine. All Teller and Customer Services desks will be fully equipped with the IrisGuard IG-AD100 iris cameras. Additionally all 190 ATM’s units deployed at Cairo Amman Bank branches throughout Jordan will be equipped with the latest Dual Eye IG-AD100 Iris Cameras. [end] 

A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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Gemalto announced that 10 million Financial Inclusion Network & Operations (FINO) customers in India now benefit and take part in micro-banking, using Gemalto smart cards, as part of FINO’s broader branchless banking program.

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A recent survey conducted by Wincor Nixdorf shows that a strong majority of French consumers are interested in using fingerprint scanning technology to secure transactions.

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CoVantage Credit Union (CVCU) announced the availability of Tyfone’s mobile wallet services throughout its branches in Wisconsin and Michigan.

Some 64,000 CVCU members can now use Tyfone’s mobile banking services, which include balance checking, account history review, fund transfers, branch and ATM location look-up, as well as several new features:

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Visa, in partnership with Monitise, has launched a suite of new mobile financial services on its revamped Debit Processing Service platform, enabling mobile phone users to check their account history and balances, transfer funds between accounts, and receive real-time transaction alerts.

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Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

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