Biometrics is emerging as the bedrock of keeping consumers’ financial transactions and data secure while ensuring a compelling user experience. Leading banks are already working with biometrics. For example, they are using fingerprint for customer identification and transaction authentication in their branches or employing facial recognition and iris recognition for authentication at ATMs. As payments show up just about everywhere in consumers’ everyday lives, banks can imbed biometrics to make their payment offerings even more relevant and secure.
Our Customer input their biometrics via the biometric device sensors. These sensors may be located at bank branches or used remotely
(e.g. smartphone).
Biometric device uses a proprietary algorithm to extract the key points from an individual's samples. A numerical representation of these points is then used to create templates.
Templates are encrypted and transmitted securely to where they are stored
BIOMETRICS IN-STORE WITH INVISIBLE PAYMENTS
Large grocers and other retailers are tapping into the potential of frictionless commerce in their physical stores, where customers walk into the store, are recognized using technologies such as face recognition, and have all their purchases tracked electronically. Then the payment is made invisibly—without involving the customer—as they walk out of
the store.
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A customer driven, seamless and secure digital payment ecosystem for a safer, faster and more convenient shopping experience.