TPS, one of the leading global providers of customised software solutions for the banking and financial services industry, has now added biometric support in its Phoenix switch. Using this technology on locally manufactured ATMs, Tameer Micro Finance Bank (TMFB) has recently launched Biometric ATMs. The technology allows bank cardholders to identify themselves at ATMs with their fingerprints. With the launch, Tameer Bank has become the first bank in Pakistan to have biometric ATMs and the service is instantly getting popularity for its simplicity and convenience.
This launch will enable Tameer Bank’s clients to avail the facility of biometric ATM’s, with higher security as compared to the PIN identification, due to the facts that passwords and PINS can easily be compromised, and is hassle free.
It is noteworthy that TMFB has launched its first biometric-enabled ATM’s in unbanked areas to cater to the untouched customer base of small shopkeepers, cottage industries and small entrepreneurs, especially women. With this launch TMFB has achieved a milestone in the introduction of literacy and awareness of financial services in the unbanked areas that adds potential customers into the mainstream financial world.
