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CAC Selects IrisGuard for Technology to Bank On
(Wireless News Via Acquire Media NewsEdge)
Cooperative & Agricultural Credit Bank (CAC), Sana'a, Republic Of
Yemen, has awarded a contract to IrisGuard to provide a comprehensive,
turn-key iris biometric identification management system for CAC Bank's
customers.
Cooperative & Agricultural Credit Bank is an agricultural, corporate,
retail and commercial bank in Yemen. The bank is the first bank in the
republic to deploy IrisGuard iBank Suite and iris imagers at all its
branches in Yemen. CAC Bank currently has over 50 branches, throughout
the region. Prior deployment CAC Bank has extensively evaluated and
trialed the integrated iBank solution within all its financial
applications. All Teller and Customer Services desks will be fully
equipped with the IrisGuard IG-AD100 iris imagers, according to the
company.
IrisGuard iBank Suite incorporates identity security techniques such as
NextGen algorithms, digital certificates, electronic nuances and
multi-level encryption; in-order to provide data integrity and privacy
of biometric data transmitted across the network. IrisGuard iBank Suite
is based on its Iris Farm Architecture (IFA NextGen) which has been
operating worldwide since 2001, the company said.
"Cooperative & Agricultural Credit Bank and other banks in the region
recognize and acknowledge the pristine customer authentication value of
our ubiquitous iBank suite, which offers enhanced identification to
their clients by eradicating poor identification methods such as Pin
Codes (Personal Identification Number) and Password. We commend CAC
Bank for their technology leadership and vision in Yemen"; said Imad K.
Malhas, CEO of IrisGuard.
"CAC Bank continues to solidify its pioneering leadership position in
the banking and financial sector throughout Yemen, by deploying
IrisGuard's trusted banking solutions, we are effectively, maximizing
our customer's convenience, experience and services. By relying on the
latest state-of-the-art iris technology we bring to our customers fast,
accurate and secure banking transactions be it at the Automated Teller
Machines (ATM) or at the Teller/Customer Service Desks with speedy
trusted withdrawals"; said Hafed Mayad the chairman of Cooperative &
Agricultural Credit Bank.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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