19 August 2017
Find out more

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

12 July 2005  |  5820 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  |  7371 views  |  0 comments
Consumer security fears weakening resistance to biometrics

Consumer security fears weakening resistance to biometrics

06 May 2005  |  10912 views  |  0 comments
Discover cafe introduces biometric payments

Discover cafe introduces biometric payments

27 April 2005  |  8403 views  |  0 comments
More banks turning to biometric authentication

More banks turning to biometric authentication

10 December 2004  |  9069 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  |  17998 views  |  0 comments
Bank of China to roll out Bioscrypt biometric technology

Bank of China to roll out Bioscrypt biometric technology

05 March 2004  |  6379 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8518 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7612 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6769 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6294 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6133 views comments | 11 tweets | 9 linkedin

Featured job

Find your next job