Fiserv to integrate Fujitsu PalmSecure technology into DNA account processing platform
Fiserv enables banks and credit unions that use the DNA™ platform to better combat fraud by offering Fujitsu’s ultra-secure palm vein biometrics for account holder verification
FOOTHILL RANCH, CA (July 27, 2015) — Fujitsu Frontech North America Inc., a global technology and front-end solutions provider, announced today that Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, has signed an agreement that will allow them to integrate Fujitsu’s PalmSecure® biometric technology into the DNA account processing platform from Fiserv. PalmSecure technology enables positive identification of accountholders across multiple delivery channels. The Fiserv integration will initially facilitate the authentication of accountholders in the branch to provide positive identity verification for activities such as withdrawing funds or accessing a safety deposit box.
“The security and integrity of customer financial transactions are paramount for our bank and credit union clients,” said Steve Cameron, Group President, Open Solutions Division, Fiserv. “Integrating Fujitsu’s PalmSecure biometrics technology with the DNA account processing platform gives our clients an innovative choice for accountholder verification that can reduce risk and advance their branch-of-the-future strategies.”
“We are extremely excited to be partnering with a company like Fiserv, which provides account processing services to more than one-third of U.S. financial institutions. We’re particularly gratified that they have selected Fujitsu’s PalmSecure technology as an option to secure the integrity of their DNA clients’ transactions,” according to Michi Sugawara, President and CEO, Fujitsu Frontech North America Inc. “We look forward to working with Fiserv to identify additional areas where we can assist them in growing their business.”
PalmSecure technology relies on Fujitsu’s award-winning PalmSecure biometric technology. The Fujitsu PalmSecure biometric palm vein sensors use a near-infrared light to capture a user’s palm vein pattern, generating a unique biometric template that is matched against the palm vein patterns of pre-registered users. Unlike other readers, the PalmSecure device does not come into contact with the skin, making it extremely hygienic, non-intrusive and unrestricted by external factors such as skin types and conditions. Registration for PalmSecure technology users takes less than one minute and authentication takes less than one second.
Financial institutions need agility and flexibility to meet the needs of consumers and businesses in today’s real-time world. Built on modern, standards-based languages and an open, highly scalable architecture, DNA from Fiserv enables banks and credit unions to customize functionality to meet their unique business needs, while improving efficiency and enhancing service by providing a 360-degree, person-centered view of all retail and business relationships.
Attendees of the 2015 DNA™ Education and Technology Conference hosted by Fiserv, July 27-29, 2015, will be able to see a hands-on demonstration of how Fujitsu’s PalmSecure can secure a transaction.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies™. Visit fiserv.com and follow on social media for more information and the latest company news.
About Fujitsu Limited
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 159,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$40 billion) for the fiscal year ended March 31, 2015. For more information, please see http://www.fujitsu.com.
About Fujitsu Frontech North America Inc.
Fujitsu Frontech North America Inc. brings innovative technology from Japan and, with its partners, develops powerful front-end solutions that shape how society interacts with big data. Fujitsu Frontech North America Inc. is headquartered with operations and solution development at 27121 Towne Centre Drive #100, Foothill Ranch, CA 92610, USA. For more information about Fujitsu products and services, call us at 800-626-4686 or visit us at: www.fujitsufrontechna.com.
Copyright 2015 Fujitsu Frontech North America Inc. All rights reserved. Fujitsu, the Fujitsu logo, and PalmSecure are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks are the property of their respective owners. Statements herein are based on normal operating conditions and are not intended to create any implied warranty of merchantability or fitness for a particular purpose. Fujitsu Frontech North America Inc. reserves the right to modify at any time without notice these statements, our services, products, and their warranty and performance specifications.