FB pixel

EyeLock, Diebold partner on ATM concept that uses iris authentication

 

Iris authentication firm EyeLock LLC and Diebold have partnered on a new screen-less, self-service ATM concept that uses emerging biometric technology to show what the future banking experience might look like.

The concept is an ATM without a PIN pad, card reader, or screen. All transactions take place via a mobile app on the user’s smartphone using near field communication (NFC) and quick response (QR) code technology while customer authentication uses iris scanning from EyeLock to identify the user at the ATM.

As Frank Natoli, executive vice president of self-service technology at Diebold explains, the process is simple. “A customer signs into their banking app on their phone or tablet and determines how much money they want to take out. Once the withdrawal is input, the customer can go to any EyeLock-equipped ATM on the network to complete the transaction. They would simply approach the machine, which scans the iris of his or her eye to quickly verify identity, and the ATM dispenses the correct amount of cash. The whole process takes less than half the time of a typical ATM transaction today.”

Chief Marketing and Business Development Officer for EyeLock LLC, Anthony Antolino, added, “the age of carrying plastic cards and remembering passwords is just about over and the era of unfettered personal access through biometric technology is just beginning. For banking and other applications, EyeLock’s iris identity authentication solutions are not only highly secure, but very easy to use.”

Natoli noted that the new ATM concept and its current design are constantly being fine-tuned.

Citibank is currently testing the Diebold prototype, called ‘Irving’, at its innovation lab in New York. CitiFinTech CEO Heather Cox commented, “At Citi, we are always looking for innovations that simplify and enhance the banking experience.”

Citibank is in the early stages of testing the high tech ATM and plans to roll it out are still to be determined.

The prototype also will be on display in the VOXX International booth 10417 at the 2016 Consumer Electronics Show in Las Vegas. Previously reported, VOXX International acquired a majority interest in EyeLock in September 2015.

Article Topics

 |   |   |   |   |   |   | 

Latest Biometrics News

 

IDNow, Microblink, Smartsearch look for market growth with key hires

IDNow, Microblink, and Smartsearch have each made key leadership announcements. Ranging from the C-suite, to global sales and regional expansion,…

 

Okta warns of trust gaps as AI agent deployments grow

As the deployment of AI agents keeps increasing across sectors, there are concerns about whether they are trusted by users…

 

Biometrics disrupting the future of movement, on and offline

Biometrics are disrupting different areas of life, from how people interact with governments for basic services to the esoteric world…

 

Alexa, sue Amazon: tech giant faces class action over voice recordings

Users of Amazon’s Alexa are clear to pursue a class action over allegedly illegal recordings of private conversations. In Seattle,…

 

Epic Games provides Yoti facial age estimation to Bluesky for UK users

Social media platform Bluesky has selected Epic Games’ software, including biometrics-based age estimation from Yoti, to ensure its compliance with…

 

RealSense targets robotics, 3D facial recognition security with $50M in hand

RealSense has cut the cord tying it to Intel Corp, where the 3D camera company was born, with $50 million…

Comments

9 Replies to “EyeLock, Diebold partner on ATM concept that uses iris authentication”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Biometric Market Analysis

Most Viewed This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events