The Vietnam Eximbank, one of the first commercial joint stock banks in the Southeast Asian country, has begun using fingerprint authentication technology for over-the-counter and ATM transactions, Columbus-based Total System Services Inc. (TSYS) announced on April 7.
The bank has been a client of TSYS since 2003, and is using TSYS payment processing software to manage its payment acceptance services.
The Vietnam Eximbank also is planning to extent the biometric solution of point-of-sale networks where fingerprints can be used instead of ID and payment cards in partnership with other banks in the country, according to a TSYS press release.
Mitsuaki Shiogo, vice president of the bank, said in the release that “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.”
Vietnam Eximbank has developed a nationwide network of 207 branches and transaction offices and has established correspondent relationships with more than 870 banks and their branches in more than 80 countries.
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