Visa, TSYS Partner For Biometrics-Based Payments In India

Series_TSYS
What's Next In Payments®
4:04 PM EDT January 15th, 2013

TSYS and Visa have partnered to launch a biometric payment solution launched in India. The Saral Money program provides Indian consumers with access to financial services and electronic payments for the first time by linking Visa accounts to Indian Unique Identification Accounts.

TSYS’s technology is used to authenticate account holders by transporting biometric information, such as fingerprints, from the point of sale to the Unique Identification Authority of India (UIDAI). Once the account holder is authenticated using biometric information, the transaction information such as amount of the purchase and merchant type is then submitted to Visa’s network for processing.

“TSYS is proud to support Visa and the Saral Money program in India to enable broader access to financial services for Indian consumers,” said Amit Sethi, managing director, India and Southeast Asia, TSYS. “This initiative is a perfect example of TSYS’s recently reaffirmed commitment to people-centeredpayments.”

Read the full story.

Topics:
Comments
Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Mobile
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
CA Technologies
Online Transacting Is Safer Than A Card Present World
Company Spotlight
MasterCard Surprises World Series Fans With Apple Pay
Company Spotlight
Why mPOS is No Exception to the Apple Pay Effect
Company Spotlight
MasterCard Nearby Launched as Companion App for Apple Pay
View All Articles ››