With the development of biometric solutions for the ATMs there is no need to remember PIN numbers. Software vendors are coming up with finger print solutions for the rural masses. where users finger-print data would be scanned into a special PC with a finger-print scanner and the scanned fingerprint is then stored in an encrypted form in a central server. When a customer inserts (or swipes) his card in a biometric enabled ATM, he is prompted to set his finger in the fingerprint scanner. The transaction along with customer’s biometric information is passed on to the switch. The switch verifies the fingerprint with the server, and if successful, requests the banking application to authorize the transaction.” Based on the result, the Switch instructs the ATM to complete the transaction. ITC’s solution meets this requirement, by performing requisite message translations as well as confirming authorization.
Benefits of Biometric Supported ATMs
1. Provides strong authentication
2. Can be used instead of a PIN
3. Hidden costs of ATM card management like card personalization, delivery, management, re-issuance, PIN generation, help-desk, and re-issuance can be avoided
4. It is accurate
5. Flexible account access allows clients to access their accounts at their convenience
6. Low operational cost of the ATMs will ultimately reduce TCO