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Thursday, January 17, 2008

Technologies used in micro finance Part -4


Biometric Enabled Multi- Application Smart Cards:

SOME ORGANIZATIONS provides a personalized hybrid card to the end customers and agents representing the financial institutions. Card personalization comprises of chip level personalization (demographic / account details) of the customer and fascia personalization comprising of end customer demographic profiles along with corporate branding aspects. Every card is equipped with 10 pockets that enable the customer to hold 10 different multi-entity relationships with the financial institutions. Card also holds transaction history for every pocket. Thus enabling the customer, to generate transaction history reports using the Terminal Application. In addition the card is equipped with a mag-stripe which enables the end customer to migrate to existing on-line banking networks as and when required from a smart card based offline system.SOME ORGANIZATIONS cards are unique fool proof IDs for the consumer and hold the consumer demographic data, relationships and finger print on the card. SOME ORGANIZATIONS cards allow customer identification without any requirement for a PIN / password as in traditional channel delivery systems. SOME ORGANIZATIONS's robust fingerprint identification engine ensures that there will be no duplicate identity created for the same customer. This is a completely offline solution and requires only a smart card reading device and a fingerprint sensor at any point of transaction. Consumers are uniquely identified by the biometric finger print authentication at the field level (devices)

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