NCR Corporation said it will power Eazy Financial Services’ Biometric Payment Network in Bahrain.
Eazy Financial Services said its Biometric Payment Network will allow banking consumers to register their fingerprint through their participating bank and use that at any device (ATM or POS) to initiate transactions rather than using a card.
NCR will help Eazy to develop the payment infrastructure to serve financial institutions in Bahrain in the initial phase and will target the Middle East region later.
The payment network will allow customers, who need to register their fingerprints, of bank linked to Eazy’s network to conduct payments through multiple access points, not restricting them to specific banks.
“We are looking to NCR to help us build a robust infrastructure through its hardware and software expertise, in order to upgrade ATMs and other access-points to enable them to accept and read fingerprints and process necessary data to perform financial transactions,” said Khaled Al Ahli, chief executive officer of Eazy Financial Services.
Eazy will deploy Authentic, an intelligent transaction-processing platform from NCR, that enables payments and allows Eazy to have total control of its payments environment. Authentic will enable Eazy to use as an omni-channel system handling ATM and POS channels as well as branch and digital banking.
“Authentic will enable Eazy to support a full range of payment applications and can be used as a payment gateway, to power consumer payment service hubs or omni-channel systems to drive all major ATM and POS devices, scaling from support of small gateway systems, to global networks,” said Wael Elaawar, GCC regional managing director, NCR Financial Services.
NCR said Authentic is designed to integrate with any core banking, fraud detection or other internal or external system. Authentic can accept any type of transaction from any device, source or system, authorize and authenticate it, and route it to any destination.
