“The company also indicated that it’s going to present on the technology at a FIDO Alliance Workshop entitled “Identity is Fundamental: What you Need to Know About Identity & The Future of Money” during Money20/20.”
Diebold Nixdorf is going to showcase a range of sophisticated new technologies for ATM banking at next week’s Money20/20 event in Las Vegas, including a mobile face scanning system for ATM access.
The solution was developed in collaboration with Samsung SDS America, and is aptly dubbed Samsung SDS Nexsign. The idea is to let users get access to an ATM not through the traditional PIN, but but authentication with a selfie on their smartphone, which is scanned with facial biometrics technology to verify the user’s identity.
In a statement, Diebold Nixdorf explained that adoption of biometric authentication technologies “continues to rise and drive consumer convenience for simpler, secure authentication,” citing Forrester data indicating that 47 percent of US adults who go online at least once a week find biometric authentication more convenient than password-based authentication. The company also indicated that it’s going to present on the technology at a FIDO Alliance Workshop entitled “Identity is Fundamental: What you Need to Know About Identity & The Future of Money” during Money20/20.
With major financial services organizations like Wells Fargo increasingly seeking to connect consumers’ addiction to mobile devices with ATM and other banking interfaces, and facial recognition poised to go mainstream thanks to the face-scanning capability of Apple’s flagship new iPhone, Diebold Nixdorf’s new concept could get a big share of the spotlight during Money20/20, which runs from October 23rd to 25th in Las Vegas.
October 17, 2017 – by Alex Perala