April 18, 2013 – Payment solutions provider Ingenico has announced the launch of its iWB Bio Series fingerprint payment solution, combining four authentication factors.
Specifically, this new device combines chip, PIN, fingerprints verification and GPS to authenticate users, as well as payment options which include biometrics, magstripe, PIN, contactless and NFC. According to the company, the iWB Bio Series meets PCI PTS 3.1, IP65 and PIV-IQS standards.
“With iWB Bio series Ingenico proposes a unique solution to deploy new channels in an efficient and cost-effective way for branchless banking, micro-finance, G2P and public services. It changes the way governments and financial institutions distribute service and the promise of delivering services at the last mile comes true,” Guillaume Pascal, VP of Global Solutions Product Management and Marketing at Ingenico said.
According to Ingenico, the iWB Series aims to serve government and financial clients looking to identify the population and deliver services to the right people.
“We are happy to contribute with our partners to the deployment of key inclusion programs enhancing the way of living of the population in several countries of our EEMEA region. Ingenico has long background on biometry technology, but our first customer deployment reveals that iWB Bio series our next generation solution brings a disruptive value to the market” Jacques Behr, EVP EEMEA at Ingenico said.
Financial institutions are rapidly deploying biometric systems in many parts of the world today.As a recent Biometric Research Note suggests, emerging economies in particular, are embracing these biometric banking solutions.