Biometric FV Over-the-counter transaction for FSIs

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22 Φεβ 2014 (πριν από 3 χρόνια και 1 μήνα)

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Biometric information registration on IC chip is necessary at branches

Biometric FV

Over
-
the
-
counter transaction for FSIs

This process increases automation at branches and eradicates fraudulent
transactions. This is achieved with the installation of Environ VPro retail

2

Branch managers can no longer claim transaction faults

As of end of March, 2009, biometric authentication units have been installed on 53% of
ATMs in Japan, though, number of end
-
users using biometric
-
compliant ATM cards are still
limited (15 million of 300 million cash
-
cards).


Biometric information registration on IC
chip is necessary at branches.

Finger Vein recognition allows for true identity money transactions


The secure payment branch can now
process payments with no admin costs


Customers should visit the branch just to
register their biometric information upon
receiving ATM card


Some banks can charge additional fee for
biometric banking

Finger Vein (FV)Authentication is developed by Hitachi’s Central Research Institute and its
features are High speed performance and High Accuracy.


-
> False Acceptance Rate

(FAR): 0.0001%,
False Rejection Rate

(FRR) : 0.01%











The biometric template data is small and appropriate for storing in Smart card.













Data Registration
Terminal

ATM with Finger Vein Reader

& Smart Card Reader/Writer

(1)
Register FV pattern in
Smart card as template.

(2)
Place a Finger on the ATM
attached FV reader

(3)
Perform “Match
-
on
-
card” verification


template

captured data

Matching

(4)
Return matching result

Smart Card

Finger Vein Authentication also via smart card

4

2c
-
2

The
"Internet Solution"

leads to a more convenient environment.

With an EMV "MasterCard Cash" application* on the card, on
-
card value can be shared between OneSMART Pre
-
Authorized and PayPass. So the cardholder can use the card's value at a merchant, for transport, or over the Internet


within the limit of the card's pre
-
authorized value.


"MasterCard Cash" application:
Combines pre
-
authorized and contactless payment

: The "Internet Solution" with


the Hitachi Internet Payment System

OneSMART Pre
-
Authorized card

On
-
card pre
-
authorized value

Internet

Contactless
payment

Contact
payment

Internet
payment

server

Merchant
Internet
mall server

Issuer (Bank branch)

Internet

Top
-
up

Internet shopping

Top
-
up

Maintenance



Issuer

Legacy system

(Transaction processing )

Merchant

Contact
-
less

terminal

Merchant / transport

Cardholder (Home)

POS terminal
(Contact)

Payment over the Internet

5

1.
Value for future payment is pre
-
authorized at PC client or top
-
up terminal

2.
All payments are done without host authorization

3.
When on
-
card value is short, the cardholder can have further value pre
-
authorized

Home

Merchant

Transportation

Home

Pre
-
authorized

OneSMART Pre
-
Authorized

is

MasterCard secure solution for low
-
value payments.

Internet Payment System

Easy shopping transactions in various place

Top
-
up terminal

6

Interoperability of Biometric Authentication

It is extremely important to ensure the interoperability of biometric
ATMs considering various factors such as:


Introduction of EMV smart cards


ATM fee waiver scheme among the many Nigerian banking groups


Avoiding cross
-
bank fraudulent transactions

In Japan, following major banks’ finger vein
authentication is interoperable:


Mizuho Bank


SMBC


Resona Bank


Saitama Resona Bank

mainly to ensure the convenience of
customers in major cities

One single authentication
method would be preferred to
enable rapid and simple
implementation of the
technology all over Nigeria