ATM

Crowds Disappear from Macau ATMs as Biometric Authentication Implemented: Report

Crowds Disappear from Macau ATMs as Biometric Authentication Implemented: Report

The implementation of biometric scanning at Macau ATMs seems to be having a strong effect, with the South China Morning Post reporting that previously busy terminals are now virtually deserted. First announced in late spring, the measure is aimed at countering fraud and preventing capital flight from mainland China, with authorities seeing the gambling destination…

Financial ID Briefing: Technophobia, Selfie Finance, Copenhagen

Financial ID Briefing: Technophobia, Selfie Finance, Copenhagen

The Financial ID Briefing brings you top highlights from the world of biometrics, mobile ID, and finance. It is powered by FindBiometrics and Money20/20. The Obstacle of Technophobia A new research report from HSBC, Trust in Technology, asserts that the biggest obstacle facing the mainstream adoption of biometrics in FinTech is consumer technophobia based on…

New ATM Uses Mobile Facial Recognition For Authentication

New ATM Uses Mobile Facial Recognition For Authentication

“The companies are showing off the new system at this week’s Digital Banking conference in Texas, and will perform a real world pilot in collaboration with Banco Popular de Puerto Rico this summer. “ Samsung SDS America and Diebold Nixdorf are getting ready to roll out a new ATM that lets customers withdraw money using…

Hong Kong Monetary Authority Mulls Biometric ATMs

Hong Kong Monetary Authority Mulls Biometric ATMs

The Hong Kong Monetary Authority is considering the implementation of facial or fingerprint authentication at ATMs in the region, reports the South China Morning Post. Speaking to the Post, HKMA chairman Norman Chan Taklam said the organization was prompted to consider the technology by the introduction of facial recognition for ATMs in Macau, saying the…

Indian Authorities Developing Solar-Powered, Biometric ATM

Indian Authorities Developing Solar-Powered, Biometric ATM

Government authorities in India are developing a solar-powered, biometric ATM for use in rural areas. The project was announced by Harsh Vardhan, the country’s science and technology minister. The ATM will be able to identify individuals through a thumb or fingerprint scan, presumably via communication with Aadhaar, the country’s national biometric ID program. It will…

Saudi Arabian Bank Introduces Biometric Self-Service Terminals

Saudi Arabian Bank Introduces Biometric Self-Service Terminals

With the help of Diebold Nixdorf, Saudi Arabia’s Al Rajhi Bank has introduced a self-service terminal that uses biometric technology to authenticate the individuals. The kiosks’ authentication process entails a simple fingerprint scan; once complete, individuals can have new debit cards printed, as well as check books, statements, and remittances. They can even get started opening…

Qatar National Bank Deploys Iris Scanning ATMs

Qatar National Bank Deploys Iris Scanning ATMs

Customers of Qatar National Bank (QNB) can now access ATMs via iris scan. The technology comes by way of Iris ID. To enroll, customers simply need to register their iris biometrics at a branch, which entails a digital photo of the iris. That information is converted into a biometric template against which the customer’s irises are…

Financial Biometrics Month 2016: The Primer

Financial Biometrics Month 2016: The Primer

November is Financial Biometrics Month at FindBiometrics, so for the next four weeks we will be examining strong authentication and identity tech in commerce. To kick things off, we have compiled a primer to serve as a snapshot of the biometrics in financial landscape. Read on to get up to speed on the world of…

Qatari Bank at Forefront of Biometric ATM Trend

Qatari Bank at Forefront of Biometric ATM Trend

“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…

Qatari Bank to Launch Biometric ATMs

Qatari Bank to Launch Biometric ATMs

Qatar’s first private bank, Commercial Bank QSC, is bringing biometric authentication to its ATMs, care of NCR Corporation and 01 Systems. In a statement announcing the move, NCR and 01 Systems said that the finger vein scanning technology will be used by the bank “to speed-up authentication and accelerate ATM transactions,” suggesting that biometric authentication will…

New Partnership Extends Reach of Touch ID ATM Access System

New Partnership Extends Reach of Touch ID ATM Access System

More Americans will soon get biometric ATM access thanks to a new partnership between FIS and Payment Alliance International. The latter is America’s largest private provider of ATM processing and equipment services, with tens of thousands of ATMs across the country. With its new agreement with FIS, PAI will bring the FIS Cardless Cash solution…

Indian Bank Expands Biometric ATM Project

Indian Bank Expands Biometric ATM Project

Bengalaru, the capital of India’s Karnataka state, now has its first biometric ATM. The system eschews card-and-PIN customer authentication for fingerprint recognition. It’s an expansion of a program first launched by DCB Bank this April, when the bank started a pilot project at its corporate office in Mumbai. Further deployments soon followed in Odisha and Punjab, and…

Fraud, Regulations Drive European Biometric ATM Market: Report

Fraud, Regulations Drive European Biometric ATM Market: Report

A new report suggests that the biometric ATM market is poised for growth, with thefts and government regulations helping to drive it. Entitled “Europe Biometric ATM Market 2016 – 2022”, the report comes from KBV Research and Marqual IT Solutions Pvt. Ltd. Looking specifically at the European market, the report’s authors cite data from the…

Aadhaar Finding Impactful Links to Banking

Aadhaar Finding Impactful Links to Banking

India’s ambitious Aadhaar biometric citizen registry is starting to make some impactful connections with the country’s financial sector. A major new initiative called Unified Payment Interface is leveraging Aadhaar to enable digital banking services for a wide swath of the population. The system has been organized by the country’s banks, and will allow citizens to…

Money20/20 Europe: Diebold Showcases Mobile-Based ATM

Money20/20 Europe: Diebold Showcases Mobile-Based ATM

Diebold is showing off its mobile-based ATM concept at this week’s Money20/20 Europe conference. Called Irving, the concept was first unveiled at last year’s Money20/20 in Las Vegas. It eschews the standard ATM interface of a PIN pad and card reader, opting instead for interaction via a mobile app on the user’s smartphone. And to…

EyeLock Developing Iris Tech for Diebold ATM Concept

EyeLock Developing Iris Tech for Diebold ATM Concept

EyeLock has announced that it is helping Diebold to develop Irving, its new iris authentication-based ATM concept. Irving was first demonstrated, along with another innovative Diebold ATM prototype called Janus, at last year’s Money20/20 conference. The concept eschews the traditional PIN-pad and screen interface for transactions conducted entirely through the user’s smartphone via a mobile…

Money20/20: Diebold Brings Iris Biometrics to ATM

Money20/20: Diebold Brings Iris Biometrics to ATM

ATM maker Diebold is showing off two new concepts at this week’s Money 20/20 conference in Las Vegas. The offerings are the products of the company’s Responsive Banking concept, which itself made its debut at last year’s Money 20/20. One of the new prototypes, called the Janus concept, is a two-sided ATM that can serve…

Facial Recognition ATM to Debut in China

Facial Recognition ATM to Debut in China

A Chinese university has developed the world’s first facial recognition ATM, according to an article by Charlotte Middlehurst in The Telegraph. The ATM is also said to use iris biometrics for user authentication. It’s the product of a joint effort between Tsinghua University in Beijing and Tzekwan Technology, a financial security organization based in Hangzhou.…

South Korea’s Central Bank Exploring Biometric Authentication

South Korea’s Central Bank Exploring Biometric Authentication

South Korea’s central bank is looking into biometric authentication systems, according to a BusinessKorea article by Cho Jin-young. The Bank of Korea announced its intentions via a new report. The plan is to work with the Committee on Financial Informatization Promotion (CFIP) to determine technical standards for the country’s 17 commercial banks by the middle…

New Software Offers Biometric Security for ATMs

New Software Offers Biometric Security for ATMs

A new, PIN-free way of ATM banking is going to be demonstrated at the ATM Industry Association’s (ATMIA) 2015 US Conference. The new system comes by way of digital security company Hoyos Labs, and revolves around a biometric solution. Based on the company’s HoyosID identity assertion platform, the new ATM system is essentially a bit of…