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Biometrics hits ATMs in rural India

August 9, 2007

(India) Express Computer: ATMs with biometric devices are the latest solution in the ongoing effort to offer banking services to rural masses in India. And to boost microfinancing initiatives, banks are deploying biometrics at ATMs to establish the identity of a rural depositor who might be illiterate or barely literate. The push is expected to help banks in the country convert unbanked consumers to banked customers. Chennai, India-based Financial Software and Systems recently launched its Biometric ATM Interface Solution, which connects ATMs in the country with biometric support to EFT switches.

Banking Executive Summary Biometrics Asia, Australia & Pacific Trends / Statistics Transaction Processing Retail / Off-Premises EFT Networks Other North America Bank / Credit Union Software Security

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