“Biometric ATMs may soon become much more commonplace in the region and around the world.”
The Commercial Bank of Qatar has launched its biometric ATM system, 01 Systems has announced.
Together with NCR Corporation, 01 Systems was contracted to implement the system, which uses finger vein authentication to eliminate the need for PINs or even bank cards. The organizations also got a helping hand from Mofiria Corporation, which provided the hardware to scan fingers for matching via 01 Systems servers.
In a statement announcing the deployment, Commercial Bank CEO Joseph Abraham highlighted the security and convenience of the technology, calling biometric security “an important tool to combat financial fraud and identity theft” that allows for “[e]nhancing the client experience without compromising customer security”. Abraham also asserted that the biometric ATMs represent a “first to market” technology in the Middle East.
Biometric ATMs may soon become much more commonplace in the region and around the world. India’s national biometric ID program has allowed for the early emergence of biometric ATMs in that country, while major international ATM maker Diebold has been shopping around its own iris-based concept. For now, though, Commercial Bank of Qatar and its partners are certainly at the forefront of this nascent technological trend.
August 15th, 2016 – by Alex Perala