Can Biometric Technology Secure the Prevalence of ATMs?

Geldautomat

Automatic teller machines (ATMs) are terminals which are installed by banks to facilitate cash withdrawal, fund transfer, balance check for customers. ATM allows the account holder to have transactions with their own accounts without the opportunity to access the entire bank’s database. The original ATM systems utilize PIN and cards to authenticate users when making the…

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Asia-Pacific – The World’s fastest-growing biometrics market (2015-2025)

Person identifation

According to “The Global Government Biometric Systems Market 2015-2025” report of MarketResearchReports.biz published last month, due to the increasing concerns over internal and external security and the increasing use in government and private sectors for employee identification and attendance, the global biometrics market is forecasted to rise in the demand and revenue in the next…

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Biometric payment – An evolution in payment technology

Biometric micro ATM to provide a cost-effective and ultimate solution for the micro finance’s development

The evolving of payment technologies is fueling the rise of biometrics. Biometrics is becoming more important for payments due to the ability to enhance the security of transactions. Biometric payment is a point of sale technology which uses biometric modalities to authenticate a user and authorize the online payment. Many banks around the world have…

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