IrisGuard wins award for iris recognition electronic payment platform

October 19, 2015 - 

IrisGuard received the “Industry Contributor Award” for its iris recognition electronic payment platform, EyeBank, at the Emerging Payments Awards 2015.

The awards event, held last week at The Lancaster Hotel in London, rewarded British and international companies offering the most innovative payment solutions that are best adapted to the everyday needs of the industry.

IrisGuard’s technology uses the unique characteristics of the human iris as an identifier to deliver accurate, fast and secure biometric personal identification solutions.

EyeBank uses IrisGuard cameras, software and backend servers to scan and compare iris images with every record in the bank database to provide accurate and reliable authentication.

Users simply look into the IrisGuard camera, which automatically detects their iris and captures it in a focused black and white image.

Within a few seconds, the software’s algorithm converts the iris image into a unique digital code which is enrolled into the bank’s iris database for storage and matching.

The platform integrates natively with regular retail banking systems from acquiring, issuing and processing banks with payment service providers and core banking software platforms, as well as complex UN agencies registration and management systems.

“On behalf of everyone at IrisGuard, we are greatly honored to receive this prestigious award,” said Joe O’Carroll, senior vice president at IrisGuard. “Our thoughts go out to the millions of displaced Syrian refugees that rely on timely international financial assistance to survive and we will continue to serve the various United Nations organizations in providing humanitarian financial inclusion and cash payment systems in the most dignified manner.”

IrisGuard has posted a video demonstration of the EyeBank solution in work to identify customers at a bank.

Previously reported, Qatar bank QNB is implementing an iris recognition solution by IrisGuard at its branches and ATMs, making it the first of its kind in the country.

Leave a Comment

comments

About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.