25 February 2018
visit www.ebaday.com

Mexico's Banco Azteca signs with Gemplus for biometric smart cards

12 July 2005  |  5919 views  |  0 hand biometrics 1

Mexican bank Banco Azteca has contracted with Paris-based Gemplus for the supply of EMV smart cards that will store photographs and biometric data to be used for identifying customers in branches.

Banco Azteca was launched in 2002 by retailer and consumer finance company Grupo Elektra and targets "unbanked" customers, which account for 70% of the total population in Mexico. The bank's branches are located inside Grupo Elektra shops and other retail stores.

Under the terms of the deal, Gemplus will be the primary supplier and provide smart payment microprocessor cards, with card personalisation services provided by the vendor's Cuernavaca facility in Mexico. Biometric technology will be provided by a Banco Azteca partner.

Philippe David, VP, business development, financial services, Gemplus, says: "The bank is setting a regional precedent in terms of its target market and the implementation of biometrics on its cards."

Banco Azteca's Visa cards will be the first to be replaced with EMV smart cards in order to meet the impending January 2006 liability shift date set by the country's payment associations.

Separately, The Japanese Bankers Association has said it will establish a working group to explore the establishment of a standardised biometrics reading system to identify customers at ATMs, according to local press reports.

There are currently two biometrics systems in use at ATMs - Fujitsu's palm-vein reading application and Hitachi's fingertip-vein reading device.

The aim is to produce one card that would enable the holder to use any ATM. This will either involve the development of a card that can carry an integrated circuit chip registered with both palm-vein and fingertip-vein patterns so that customers can use ATMs using either of the biometric systems, or the development of ATMs able to read both sets of biometric data.

According to press reports, Japan's Senshu Bank will begin issuing cards that carry information on both palm-vein and fingertip-vein patterns as of March 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ID card trial exposes biometric failings

ID card trial exposes biometric failings

26 May 2005  |  7466 views  |  0 comments
Consumer security fears weakening resistance to biometrics

Consumer security fears weakening resistance to biometrics

06 May 2005  |  11016 views  |  0 comments
Discover cafe introduces biometric payments

Discover cafe introduces biometric payments

27 April 2005  |  8502 views  |  0 comments
More banks turning to biometric authentication

More banks turning to biometric authentication

10 December 2004  |  9203 views  |  0 comments
NCR unveils anti-skimming device; teams with Bancafe for biometric ATMs

NCR unveils anti-skimming device; teams with Bancafe for biometric ATMs

19 November 2004  |  18335 views  |  0 comments
Bank of China to roll out Bioscrypt biometric technology

Bank of China to roll out Bioscrypt biometric technology

05 March 2004  |  6525 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://info.nice.comRegister for the webinarvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12522 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10744 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9200 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8577 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8392 views comments | 11 tweets | 14 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job