BNCTL (Banco Nacional de Comércio de Timor-Leste) signs an agreement with IrisGuard and EyeTrust LDA for the deployment of IrisGuard’s EyePay® Network payment platform, powered by their award-winning iris recognition technology. Timor-Leste is the youngest sovereign nation in Southeast Asia and this authentication and payment authorisation platform, featuring the recently launched EyePay® Phone, will be utilized to verify and secure the last mile of financial transactions in counters/branches and at ATMs.
Using only the human iris, it eliminates the need for any other ID including signatures, finger prints, cards or PIN numbers. Ensuring operational safety with its contact-free function, it will improve the speed with which services are provided to the elderly, and beneficiaries who receive subsidies from the Timor-Leste Government.
More on this story coming soon.