Panama City-based Credicorp Bank has deployed the US Biometrics’ control system, including hardware and software, to become the first institution within Panama to implement a wide spectrum of US Biometrics' multi-factor authentication products.
The Bank says it deployed US Biometrics’ solutions to increase security and protect the identity of their customers.
Company’s officials said that the deployment has made customer’s experience with Credicorp a “pleasurable one,” since transactions have become “faster and more convenient,” along with increasing identity security and reduced fraudulent activity.
The US Biometrics’ products used by the bank are MemberQ, which biometrically protects the identities of the bank’s customers, a biometric layer that is configured to work seamlessly with existing software and VaultQ for signature verification so safe deposit box customers are identified biometrically.
Other products are include AccessQ, a secure method for granting access to a specific area such as a room or vault; CentralQ for encrypted storage of credentials including biometric tokens, names, addresses, and other customer information; and CentralQ Reporting, which allows administrators to view and report who accessed which resources at specific times.
“US Biometrics has been a very good partner in our deployment of biometrics,” said Max Harari, general manager at Credicorp Bank. “Within three days, a complete integration of biometrics with our existing systems was completed, our staff was trained, and the system was in operation.”
He also said that the installation and configuration was completed in “literally days” for both the physical access control and customer transaction software.
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