TSYS processing fingerprint ATM transactions in Vietnam
It could be the wave -- or finger -- of the future.
Columbus-based credit-card processor TSYS said its top client in Vietnam has started using fingerprint authentication technology for over-the-counter and ATM cash transactions.
Ho Chi Minh City-based Vietnam Export Import Commercial Joint Stock Bank -- Vietnam Eximbank is the first bank in the Southeast Asia nation to use the technology, which allows customer transactions without their physical card or identification. A very personal fingerprint is all that's needed, the companies said.
TSYS spokesman Cyle Mims said Thursday that his company did not develop the technology, but apparently set up the interface that allows the transactions to occur. To his knowledge, it's the first TSYS client to roll out the fingerprint transactions.
Vietnam Eximbank, which has 207 branches and offices, has been a card-processing client of TSYS since 2003.
The bank said it plans to roll out the "biometric solution" to point-of-sale retail networks where fingerprints can be used instead of ID and payment cards. It also plans to make those types of transactions common across Vietnam by working with other banks in the country to build acceptance of the technology as the new standard in Vietnam.
Moody's upgrades Carmike Cinemas debt, says liquidity 'very good'
Carmike Cinemas received some good news Thursday, with Moody's Investors Service upgrading the rating on $210 million in second lien bonds -- or debt -- issued by the company.
The bonds were upgraded from B2 to B1, with Moody's maintaining its "stable" outlook on the company. It noted Columbus-based Carmike has expanded its footprint from 2,245 screens to 2,660 screens, with pro forma revenue growing from about $540 million in 2012 to about $700 million last year.
"Moody's continues to consider Carmike's liquidity very good," the service said of the company, which has been growing through new theater openings and acquisition of parts or all of smaller theater companies. "Carmike finished 2013 with approximately $144 million of cash, ample relative to annual cash interest expense of about $50 million and capital expenditures of about $40 million."
Carmike is expected to issue its first-quarter and full-year 2013 earnings report in early May.
The company, its headquarters in downtown Columbus, operates 252 movie theaters (2,660 screens) in 37 states, primarily in smaller to mid-size cities.