News and insight into biometric identification and authentication

Panama bank deploys biometrics

Monday, June 2, 2008

Credicorp Bank in Panama City, Panama had deployed biometrics from US Biometrics to authenticate the identities of both employees and customers.

Naperville, Ill.-based US Biometrics is providing a number of products to the bank including:

  • MemberQ - uses biometrics to protect the identities of the bank’s customers.
  • VaultQ - in lieu of signature verification, safe deposit box customers are identified using a biometric.
  • AccessQ - a secure method for granting access to a specific area such as a room or vault.
  • CentralQ - enables the encrypted storage of credentials including biometric tokens, names, addresses and other customer information.
  • CentralQ Reporting - enables administrators to view and report who accessed which resources at specific times.

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HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

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Cubic Transportation Systems has introduced Nextaccount, an account-based open payment platform that offers travelers the convenience to use contactless bank cards, student IDs and mobile phones as their smart ticket, in addition to transit issued smart cards.

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U.S. Bank and Oakland Community College, Bloomfield Hills, Mich., have launched a combined campus ID and prepaid MasterCard program for the school’s 78,000 students and 788 staff members.

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New Jersey Transit’s use of NFC payments with Google Wallet has been an “overwhelming and resounding success,” according to NJ Transit spokesman John Durson.

Introduced on the NJ Transit network in October 2011, Google Wallet enables riders to purchase tickets with the tap of an NFC-enabled phone at New York Penn Station, Newark Liberty Airport’s rail station and on 7 city bus lines.

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Al Bilad Bank, a Shariah-based financial organization in Saudi Arabia, has deployed Gemalto’s Dexxis Instant Issuance solution for EMV payment cards in more than 120 bank branches. With this system, Al Bilad can issue up to 2,000 EMV DDA high-end security smart cards a day.

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Sensor supplier Fingerprint Cards AB (FPC) has extended its partnership with Chinese biometrics provider Miaxis Biometrics Co. LTD to deliver biometrics products to the Chinese banking sector.

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