July 9, 2015 -
Mountain America Credit Union recently introduced a new multimodal biometric authentication feature that allows members to login to the MACU mobile app using their eye print, fingerprint, or both, according to a report by Credit Union Times.
The optional biometric authentication feature also enables users to apply for and receive funding on a number of loans.
During the authentication process, the device’s image sensor scans the user’s fingerprint, analyzes its ridges, and converts it into a mathematical code and stores it in the mobile device for matching purposes in future scans.
Users are able to add fingerprints from up to five fingers, and the device is able to read fingerprints from any angle.
For the eye print authentication process, MACU members can enroll in less than a minute by using the device’s forward-facing camera to capture their unique eye print.
After this initial enrollment process, users can use their smartphone or tablet camera to capture their eye print and the app will match the image against the previously taken image stored locally on the device.
“We do not require our members to use one or the other or both,” said Shelby Peterson, manager of product strategy for Mountain America. “We understand that our members might be weary of one technology over the other, so we really believe that we should give them the ability to choose.
Since the release, more than 10,000 members have registered for MACU’s EyeVerify product.
“Security was a huge showstopper for growth. MACU heard its members and their concern for security, which is why we introduced biometrics and made it available for however they want to use it.”
MACU said it is the first credit union to provide both fingerprint and eyeprint authentication to all mobile banking members.
MACU currently has more than 525,000 members served through online and mobile banking portals.