Smartcards are pocket sized cards with an integrated circuit to process information. They store data that can be in the form of information or value or both. Another type of card used to store information is the biometric card. Biometric cards are used to automatically identify users based on physiological or behavioral characteristics. Biometric authentication requires comparing a registered biometric sample with a newly captured biometric sample.
IMFAST is a technology that uses Biometric Cards and NFC (near field communicator). The transaction operator uses a NFC phone to provide service to customers. The customer will be provided with the low-cost RFID (radio frequency identification device) based smart card. In this model, phone acts as the reader for the card.
iMFAST has been designed with unique features to address the rural environmental conditions (heat, dust and moisture, etc) and the target population (illiteracy).It provides voice guidance in the local language for transactions and authentication. Biometric authenticated transactions improve confidence levels among rural people. Lower cost, mobility, varied connectivity, identification, authentication and multiple applications are the USPs in a nut shell.
No comments:
Post a Comment