Nov. 29, 2012
Leto-bank is joining the ranks of biometric believers with the planned deployment of new fingerprint-reading ATMs. The FI, which belongs to Russia’s VTB Group, will test the ATMs at customer service centers before rolling them out system-wide.
Use of the ID method by customers will be voluntary, according to an article by Biometric Update; customers will be offered the option of having their fingerprints taken to enable biometric ID. Once in the system, customers simply have to scan their finger at ATMs in order to initiate a transaction.
Leto-bank said the technology not only enables the bank to cut its fraud risk, but also gives customers an extra measure of confidence about the security of their accounts.
Not everyone is keen on the idea of biometric ID, though. Biometric Update cited an RT Video report that said that despite the added security it offered, customers would be reluctant to offer up their fingerprints at the bank.
RT Video also claimed that the cost of such ATM ID systems would limit them to use only by the biggest banks, thus Leto-bank customers would still need to carry a card in order to use the ATMs of smaller banks and third-party ATM providers.
For more on this topic, visit the security research center.