Vietnam Eximbank has implemented biometric technology for over-the-counter and ATM transactions where only fingerprint is needed for authentication.
By providing a fingerprint, a customer no longer needs to have a debit card to make a transaction. Eximbank, a TSYS client since 2003, is one of the first Vietnamese banks to install this Transaction Identification and Authentication solution.
"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," says Mitsuaki Shiogo, vice president of Eximbank, in an April 7 news release.
Eximbank also licenses TSYS' Prime single-platform payment processing solution to manage issuing, acquiring and payment acceptance.
Eximbank is also planning to extend the biometric technology to point of sale systems to allow fingerprints to be used instead of identification and payment cards.