Vietnam Eximbank deploys fingerprint authentication for POS, ATM transactions

April 7, 2014 - 

TSYS has announced that its client in Vietnam, the Vietnam Export Import Commercial Joint Stock Bank – Vietnam Eximbank – has begun to deploy fingerprint authentication for its over-the-counter or ATM transactions.

According to the company, Vietnam Eximbank is one of the first banks in Vietnam to apply fingerprint authentication, and the banks is looking to make these types of transactions common across Vietnam by working with other banks in the country.

Currently, Vietnam Eximbank uses TSYS’ PRIME single-platform payment processing solution to manage its issuing, acquiring and payment acceptance services. The rollout of Eximbank’s Transaction Identification and Authentication solution was enabled by leveraging Fingerprint Technology solutions and supporting technology within TSYS PRIME ATM controller and online secure authentication messaging functionality.

“Ease of payments is central to the Eximbank vision of financial inclusion and the implementation of transaction identification and authentication with the support of TSYS and Fingerprint Technology is key to achieving this objective,” Mitsuaki Shiogo, vice president of Eximbank said.

“Eximbank’s initiatives in launching card-not-present, fingerprint authenticated transactions, demonstrate that it is a leading innovator of advanced banking technologies in the Asia Pacific region,” Amit Sethi, managing director of Asia, Middle East and Africa for TSYS International said. “We are delighted to be working closely with the bank and supporting its financial inclusion strategy, sharing the extensive strengths of our licensed PRIME solution combined with our expertise as a leading global payment solutions provider.”

Reported previously in BiometricUpdate.com, TSYS technology has also been used to authenticate account holders for India’s Saral Money program, which strives to give Aadhaar number holders access to prepaid Visa accounts.

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj