Eazy, NCR to launch fingerprint payment service in Bahrain
NCR has partnered with Eazy to develop a biometric payment infrastructure to serve participating financial institutions in Bahrain. The network will eventually be expanded to target the entire Middle East region.
Customers will enroll through participating financial institutions by registering their fingerprints, allowing them to make payments with a touch of their fingertip.
The payment network will allow customers of any bank linked to Eazy’s network to conduct payments through different access points. Customers will not be restricted to specific banks, providing them with greater accessibility and convenience.
“The unique biometric payment solution that Eazy envisioned to bring to this region requires a partner that has unrivalled experience in this field,” Khaled Al Ahli, CEO of Eazy Financial Services, said. “NCR has an established name in the region and brings to the table a wealth of experience in the financial sector, as well as building a robust infrastructure through its hardware and software expertise, in order to upgrade ATMs and other access-points to enable them to accept and read fingerprints and process necessary data to perform financial transactions.”
Eazy will deploy NCR Authentic, a transaction-processing platform, which will allow Eazy to take complete control of its payments environment.
In addition, NCR will help Eazy to launch the region’s first fingerprint recognition technology to ensure secure payment authentication across ATM, point-of-sale (POS) and kiosk channels.
“Authentic will enable Eazy to support a full range of payment applications and can be used as a payment gateway, to power consumer payment service hubs or omni-channel systems to drive all major ATM, scaling from support of small gateway systems, to global networks,” said Wael Elaawar, general manager of NCR Financial Services. “We at NCR appreciate this strategic partnership with Eazy, which demonstrates the vital role such partnerships plays in the activation and development of ambitious and innovative business and we look forward to launching this platform to the world in the near future.”
NCR’s fingerprint technology has been implemented in several parts of the world including the United States, Australia, and the UK.
Authentic can be easily integrated with any core banking, fraud detection or other internal or external systems.