ZKTeco opens Mexico office

Under the slogan “Welcome New Era”, ZKTeco has opened a new office in Mexico. Prior to the official ribbon cut, Eli Lv was introduced as the new CEO of ZKTeco Mexico and Carlos Santamaria, brand strategy center manager, highlighted the company’s access control, time and attendance, entrance control, vehicle access control, POS and software solutions and products available within the Latin American market. Just a couple of years ago, biometrics expert Sergio Valdez said that Latin America has become the

Mexican banks to install fingerprint readers to curb identity theft

Mexico’s National Banking and Security Commission (CNBV) has implemented a new initiative which will see the installation of biometric fingerprint readers in banks across the country in an effort to curb the growing frequency of identity theft, according to a report by Rivera Maya News. The CNBV said that within the next 12 months, all banking institutions throughout Mexico will require an onsite fingerprint reader to verify the identity of clients. When banking clients apply for a loan or activate

Safran to update biometric voter ID system for Mexico

Safran Identity & Security has signed a five-year contract with the National Electoral Institute of Mexico (INE) for a multi-biometric identification system and related services to conform and update the Mexican national voter registry. The system uses both fingerprint and facial recognition to help ensure that each Mexican citizen is registered only once in the national voter rolls, detecting false or double-identity cases in real time. “As an autonomous public entity responsible for organizing federal elections, we need to ensure

Banco Inbursa to deploy FacePhi facial recognition technology

FacePhi has signed a contract with Mexico`s Banco Inbursa to implement its “Selphi” facial recognition technology on their mobile banking app and web platform to give clients secure access to their banking accounts without using a username or a password. According to a statement by the company, Banco Inbursa is the first financial institution in Mexico offering a selfie-based facial recognition authentication solution to its clients. Moneta Technologies, a technological partner of FacePhi, will be implementing the technology into the

Gemalto eBanking solution secures Mexico’s largest bank

The largest bank in Mexico, BBVA Bancomer, is employing Gemalto’s Ezio Suite to validate transactions, prevent fraud and phishing attacks with quick-to-deploy authentication and transaction signing solutions that defend against attacks and maintain best in class user experience. According to a company statement, the Gemalto Ezio eBanking solution for BBVA Bancomer (link) allows customers to use a password and a token, either physical or mobile stored in a smartphone or tablet, for strong two-factor authentication (2FA). The bank also has

Identity theft cases in Mexico increase six times in four years

According to some reports, identity theft is the fastest growing crime in the world and in Mexico the number of cases has increased six times in less than four years. Adolfo Loera, CEO of Biometría Aplicada, a biometrics and identity management company in Mexico, is working on creating a solution to manage the biographic and biometrics data of Mexico’s commercial banks’ clients to prevent fraud, identity theft and to stop the financing of illegal activities. The use of biometric data

LaserLock signs $7M contract with Mexican gaming company for biometric authentication service

LaserLock Technologies has announced that it has signed a 10-year, $7 million contract with a Mexican gaming company for its VerifyMe Identity and authentication services. “This is a new milestone in our fight to deliver viable, strong authentication technology to the marketplace and speaks volumes to the underlying technology that makes up VerifyMe,” Neil S. Alpert, CEO of LaserLock said. “The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be