Fingerprint Biometrics: The Future of ATM Security?
Posted by Peter Mucklestone and Stuart Louie
As recently reported by CNN, a new standard in ATM security is emerging; however, not in the United States or even North America, but in the mountains and jungles of Colombia. BanCafe, Colombia's fifth-largest bank, has installed hundreds of ATM machines across the county which, as an alternative to requiring the traditional ATM card and personal identification number to grant a user access to his/her accounts, operate using fingerprint biometrics. The move by BanCafe was motivated by the increasing need for security among coffee-growers concerned about theft related to ATM use. Since offering fingerprint biometrics as an alternative method of accessing a user's account via an ATM, approximately 15% (or 230,000) of BanCafe's customers have registered for the service.
Continue Reading...