News and insight into biometric identification and authentication

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] 

MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

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The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

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Despite recent moves into mobile payment by giants such as Bank of America and Visa, US merchants may be hesitant to adopt the new technology, according to analysts at Reuters.

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eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

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After an official security review of the best authentication servers on the market for businesses and banks, Cryptomathic is pleased to announce that its two-factor authentication technology supports all the mechanisms outlined in review and provides customers with optimal and secure online banking.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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