Biometric Alert: OKI (TOKYO: 6703) Delivers First ATM Incorporating Finger Vein Authentication to Chinese Bank
Full-scale deployment at Bank of Lanzhou enhances safety and convenience
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TOKYO - February 21, 2014 (www.investorideas.com newswire) OKI (TOKYO: 6703) announced this week the delivery and start of actual use of an ATM incorporating finger vein authentication technology at the Bank of Lanzhou in China (headquarters in Lanzhou city, Gansu province). This marks OKI's first delivery of an ATM incorporating finger vein biometric authentication technology to a Chinese bank. OKI aims for expanded sales of ATMs incorporating finger vein authentication, a feature that makes forgery and identity fraud significantly more difficult. This function is especially important in the Chinese ATM market, where demand is growing for transaction safety and security.
Based on OKI's ATM-Recycler G7, cash-recycling ATM, the ATM incorporating finger vein authentication functionality delivered to the Bank of Lanzhou incorporates the finger vein authentication module co-developed by mofiria Corporation (hereinafter called as mofiria) and OKI. OKI adopted this module since using vein patterns for authentification makes forgery and identity-thief more difficult than that of surface of a finger, and is designed to minimize the calculations required for authentication so faster and more secure authentication can be realized.
China has seen growing demand for convenience and safety among ATM users. Bank of Lanzhou made positive assessments of OKI's strong track record with ATMs in China and of the advantages provided by mofiria finger vein authentication. This resulted in a trial run and now in the actual deployment of these ATMs. The finger vein authentication featured in these units will enhance transaction safety, allowing the bank to provide various advanced and convenient services, including cash withdrawals without cash cards.
Moving forward, OKI will continue to provide ATMs offering enhanced safety and convenience features in China and other overseas markets.
1. The Bank of Lanzhou purchases ATMs from OKI through OKI Electric Industry (Shenzhen), which is responsible for the manufacture and sales of financial systems equipment and printers in China.
2. The ATM-Recycler G7 cash recycling ATM is sold in China under the ATM 21SE model name.
About mofiria Corporation
Founded in 2010, mofiria has been focusing on the unique finger vein authentication technology which is recognized as one of the most accurate forms of biometric authentication. The motto "Compact, Fast and Comfortable", tells our story that “mofiria” finger vein authentication technology taken over from Sony Corporation will provide the best biometric solution for global security needs. Website at http://www.mofiria.com/
About OKI Electric Industry (OKI)
Founded in 1881, OKI Electric Industry is Japan's leading telecommunications manufacturer in the Info-telecom field. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its info-telecom systems and printer operations. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at http://www.oki.com/.
• The names of the companies and products mentioned in this document are the trademarks or registered trademarks of the respective companies and organizations.
OKI Sonomi Kitamura, +81-3-3501-3835 Public Relations firstname.lastname@example.org
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