Fintech firm acknowledged for its palm authentication solution
Fiserv, Inc. has been recognized with a Technology Association of Georgia (TAG) Fintech ADVANCE Award for its Verifast: Palm Authentication solution. Fiserv has had a significant presence in Georgia for more than two decades and is one of the largest technology employers in the state.
Verifast: Palm Authentication from Fiserv leverages Fujitsu’s PalmSecure technology, using near-infrared light to capture and confirm a financial institution employee’s or customer’s identity via a unique palm vein pattern, making biometric authentication unobtrusive and reducing fraud risk by presenting information to tellers and service representatives before a financial transaction gets underway.
“It is a testament to the number of innovative fintech companies with ties to Georgia that have helped propel our state to be recognized as the financial technology hub of the universe,” said Sean Banks, partner of TTV Capital and TAG FinTech society chair. “The ADVANCE Award winners illustrate the tremendous teamwork between fintech vendors, customer companies and the third party advisors that make technology work as envisioned while also reaping the benefits of its innovation.”
Last November it was announced that Fiserv received the 2016 IDC Financial Insights FinTech Rankings Real Results Award for ‘customer engagement’ for the use of its Verifast: Palm Authentication at Gesa Credit Union in Richland, Washington.