[October 10, 2008] CAC Selects IrisGuard for Technology to Bank On Tweet (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 [email protected])) ((Distributed on behalf of 10Meters via M2 Communications Ltd - http://www.m2.com)) ((10Meters - http://www.10meters.com)) Copyright ? 2008 Wireless News [ Back To TMCnet.com's Homepage ]