Fujitsu’s palm vein biometrics technology will soon find its way into a number of banks’ services. The company has announced a new partnership with Fiserv, a technology solutions provider for the financial services sector, that will see the latter integrate the technology into its account processing platform, called “DNA”.
That means that Fiserv’s clients – banks and credit unions – will be able to authenticate customers via Fujitsu’s PalmSecure system when they perform transactions such as accessing a safety deposit box or making a withdrawal. It should offer a substantial security improvement for Fiserv’s clients, and that’s exactly the rationale behind the company’s pursuit of the agreement. Speaking in a press release, Fiserv Open Solutions Division Group President Steve Cameron explained that the “security and integrity of customer financial transactions are paramount for our bank and credit union clients,” adding that the PalmSecure integration “gives our clients an innovative choice for accountholder verification that can reduce risk and advance their branch-of-the-future strategies.”
First introduced almost a decade ago, Fujitsu’s PalmSecure technology has gained significant traction over time in the world of authentication, attaining major integrations last year, as in the case of AUTEC GmbH. More recently, the company has expanded the PalmSecure line, introducing products like a portable, USB-based palm vein scanner, which was launched this summer. But the core PalmSecure technology clearly remains of interest in the authentication industry, and could become more widespread as it finds success in these financial services integrations.
July 27, 2015 – by Alex Perala