Biometric ATMs Not Being Used in U.S.

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00016803-biometric-atms-not-being-used-in-us/

The mountains and jungles of Colombia is one of the few places in the world where banks are using fingerprint biometrics, which verify people’s identities based on their unique physical characteristics.

Scanning fingerprints or irises to verify an ATM customer’s identity has yet to penetrate the U.S. banking market because of concerns about expense and privacy.

Customers must be convinced that the technologies provide more benefit than the card-and-PIN system, which works well, said John Hall, spokesman for the American Bankers Association. The cards also serve functions beyond the ATMs, as debit cards and as advertising for the banks.

For this complete story, please visit Biometric ATMs Not Being Used in U.S.

Biometric ATMs Not Being Used in U.S.

Unknown Author

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