March 28, 2015
Forgotten passwords may be a thing of the past for FIS Mobile users, thanks to the addition of biometrics by FIS, a leading player in banking and payments technology as well as consulting and outsourcing solutions. Most importantly, this breakthrough adds improved security to further ensure that only authorized users can access their accounts.
FIS provides biometric access to its Mobile Banking application via Apple’s TouchID. With this, FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication beginning in April. This advancement, which makes account balances and access to cash only one touch away, underscores FIS’ commitment to nonstop, secure innovation and improvement of the customer experience.
One-touch Cardless Cash is unlike anything else in the market, said Douglas Brown, senior vice president and general manager, Mobile Financial Services, FIS. The ability to access your account and withdraw money with just your fingerprint will make ATM access faster, safer and easier for users. It’s a true home run.
Equally enthusiastic about this latest technology is The Bancorp, one of the first financial services companies to offer biometric security to its banking customers for their mobile interactions.
"We are committed to providing stellar customer experiences, letting our customers bank when, where and how they want to, with the highest security," explained Pete Chiccino, CIO, The Bancorp. "As a leader in financial technology and banking services, The Bancorp is delighted to partner with FIS in offering fingerprint access to our customers. It's something they can't currently get anywhere else."
A leader in the field of mobile commerce, FIS remains committed to continually advancing security and ease of access to its more than 30 million active mobile users. Biometrics offer superior two-factor authentication – your mobile device and your fingerprint combine to confirm your identity. Biometric access with Touch ID for Cardless Cash will arrive in April. Android users will have biometrics access later this year.
The security improvements that biometrics offer were a topic of discussion at the White House Summit on Cybersecurity and Consumer Protection on Feb. 13 at Stanford University, which FIS was invited to attend given its role in supporting the Department of Homeland Security and other cybersecurity researchers on behalf of the global financial industry.
With a long history deeply rooted in the financial services sector, FIS serves more than 14,000 institutions in over 130 countries. FIS is known for its expertise in payment processing and banking solutions, providing software, services and outsourcing of the technology that drives financial institutions.