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Post Info TOPIC: Face verification can better secure ATM transactions, although new risks may emerge: Experts


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Face verification can better secure ATM transactions, although new risks may emerge: Experts
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Face verification can better secure ATM transactions,
although new risks may emerge: Experts

 

ocbc-rolls-out-face-verification-for-atm

 

Facial recognition เกมส์สล็อต ได้เงินจริง ไม่ต้องลงทุน technology being enabled at ATMs
can help to speed up transactions and resolve long-standing issues such as
the misuse of physical ATM cards, experts said.

 

But they also cautioned that the adoption of any new technology may come with
its fair share of risks and that novel safeguards will be needed.

 

OCBC, Singapore’s second-largest lender, said on Thursday (Mar 18) that it will be

enabling face verification for bank transactions at its ATMs.

 

The new feature started on Thursday, allowing customers to check account
balances at eight selected ATMs. It will be extended to cash withdrawals at all 550
OCBC ATMs in Singapore “progressively” from June.

 

More services, such as cash deposits, fund transfers to other banks, cash card
top-ups and credit card bill payments, will be included from next year.

 

OCBC said it is the first lender in Southeast Asia to introduce facial biometrics to
its ATMs.

 

It added that this also means it is a step closer to eliminating a physical ATM card,
which can be stolen or skimmed. The latter is the act of intercepting bank card
details using a small device installed on ATMs.



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