Vietnam's First Fingerprint-Enabled Debit Card Launches With TEMENOS Biometrics

Vietnam's First Fingerprint-Enabled Debit Card Launches With TEMENOS Biometrics PR Newswire GENEVA, August 7, 2012 GENEVA, August 7, 2012 /PRNewswire/ -- Mekong Development Bank triples current account base with launch of Vietnam's first biometric debit card, through TEMENOS T24 Biometrics, at NCR ATMs across Vietnam Temenos (SIX: TEMN), the market leading provider of banking software, today announces the launch of Vietnam's first fingerprint-enabled debit card, at Mekong Development Bank. The bank has implemented Temenos T24 Biometric fingerprint authentication to provide the 'unbanked' population of Vietnam with access to banking services. Mekong Development Bank is already running the bank on T24, this was a simple modular upgrade to incorporate biometrics into the system seamlessly. Biometric authentication lowers the risk of fraudulent transactions, whilst providing a more convenient banking service for both the rural and urban populations of Vietnam - of a population of 86 million people, only 20% of Vietnam has a bank account. Since the initial launch in June, Mekong Development Bank's current account base has tripled, and the deposit balance per debit card account is two times higher than a regular account without a debit card. Customer fingerprints will be captured by Mekong Development Bank at the point of opening an account - and then used at any one of 33 NCR SelfServ™ ATMs across Vietnam.