|By Business Wire||
|April 7, 2014 04:00 AM EDT||
TSYS (NYSE: TSS) announced today that its leading Vietnamese client, Vietnam Export Import Commercial Joint Stock Bank — Vietnam Eximbank, has begun to deploy fingerprint authentication technology for over-the-counter or ATM transactions.
Vietnam Eximbank is one of the first banks in Vietnam to apply this technology that enables customers to make a transaction without having the physical card, ID, phone or card number present for identification, and uses only fingerprint verification when performing transactions at the counter or at the ATM.
As a client of TSYS since 2003, Vietnam Eximbank licenses TSYS’ PRIME single-platform payment processing solution to manage its issuing, acquiring and payment acceptance services. The rollout of Eximbank’s Transaction Identification and Authentication solution was enabled by leveraging Fingerprint Technology solutions and supporting technology within TSYS PRIME ATM controller and online secure authentication messaging functionality.
Vietnam Eximbank is planning to extend the biometric solution to point-of-sale networks where fingerprints can be used instead of ID and payment cards. It plans to make these types of transactions common across Vietnam by working with other banks in the country to build acceptance of its fingerprint authentication solution as the de facto standard deployed across the national switch.
“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,” said Mr. Mitsuaki Shiogo, vice president, Eximbank.
“Eximbank’s initiatives in launching card-not-present, fingerprint authenticated transactions, demonstrate that it is a leading innovator of advanced banking technologies in the Asia Pacific region,” said Amit Sethi, managing director of Asia, Middle East and Africa, TSYS International. “We are delighted to be working closely with the bank and supporting its financial inclusion strategy, sharing the extensive strengths of our licensed PRIME solution combined with our expertise as a leading global payment solutions provider.”
PRIME has an extensive footprint throughout Asia, Europe, CIS, the Middle East and Africa. It has a proven track record in Asia dating back to 1992 and its footprint extends across more than 70 countries.
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief "People-Centered Payments®." By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and has been named one of the 2013 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
Vietnam Export Import Commercial Joint Stock Bank — Vietnam Eximbank is one of the first Commercial Joint Stock Banks in Vietnam, officially coming into operation on 17 January 1990. Over 24 years in operation, Vietnam Eximbank is currently one of the leading banks in Vietnam. With its sustainable development strategy considering innovation as the core, Eximbank is continuously improving its competitiveness.
Today, Eximbank is one of the Commercial Joint Stock Banks having the largest shareholders’ equity in Vietnam. Eximbank has developed its nationwide network of 207 branches and transaction offices and has established correspondent relationships with more than 871 banks and their branches in more than 80 countries worldwide.
The strong development of Vietnam Eximbank during the past time has been recorded and highly evaluated by domestic and international organizations, e.g. The Banker Magazine has voted Eximbank to be in Top 1000 world’s largest banks in many consecutive years; The Asiamoney awarded Vietnam Eximbank as the “Best Domestic Bank in Vietnam 2012”; most recently, The Asian Banker has awarded Eximbank with the “Best Managed Bank in Vietnam 2013”. In August 2013, Vietnam Eximbank was honored to be presented with the “Best Domestic Bank in Vietnam 2013” by Euromoney. In the country, Vietnam Eximbank has also received many prestigious awards from organizations and communication agencies.
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