NCR’s Authentic will provide Eazy with a secure, scalable and innovative software platform rich in functionality
In the first phase, NCR will help Eazy to develop the necessary payment
infrastructure to serve participating financial institutions in
Customers will be required to enroll through participating financial institutions by registering their fingerprints, allowing them to make payments literally at the touch of a fingertip. This holistic payment network will allow customers of any bank linked to Eazy’s network to conduct payments through multiple access points at their disposal, not restricting them to specific banks – introducing a new level of accessibility and customer convenience.
Commenting on this partnership, Mr.
As part of its transformational journey, Eazy will deploy Authentic, an intelligent transaction-processing platform from NCR, that enables faster payments and allows Eazy to have total control of its payments environment. Authentic will enable Eazy to support a full range of payment applications as it can be used as an omni-channel system handling ATM and POS channels as well as branch and digital banking or as a consumer payment service hub integrating gateways to services such as faster payments or other interbank networks. This first-of-its-kind alternative payment solution will use biometric data to enable users to perform everyday transactions through finger-tip recognition, eliminating the hassle of carrying cards, wallets or any other devices.
“New technologies are challenging traditional business models and
transforming the way organizations interact with their customers,” said
Authentic is designed to easily integrate with any core banking, fraud detection or other internal or external system. Authentic can accept any type of transaction from any device, source or system, authorize and authenticate it, and route it to any destination.
About Eazy Financial Services B.S.C.
Eazy Financial Services B.S.C., is a Bahraini Fintech company focusing on providing technologies and innovative solutions to the financial sector. Eazy will soon be launching the region’s first biometric payment network, an alternative payment technology featuring an integrated fingerprint solution that will act as alternative to the traditional cash and card methods. This will be a first of its kind financial technology to be launched in the region and will enable users to perform seamless, secure and convenient financial transactions at the touch of a fingertip, through participating financial institutions.
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Source:
NCR Corporation
Rakesh Aulaya, 912-2619-5483
rakesh.aulaya@ncr.com