New biometric identification technology makes it impossible for anyone but a card’s owner to use it at an ATM
A South African inventor recently claimed to have developed a new biometric security solution to prevent card fraud at ATMs, according to the Business Report.
Glenn Webber spent years developing a smartcard that can only function once the biometric identification from a fingerprint, hand, retina, iris or face scan has been processed. The card stores personal data on a three gigabyte smart chip inside the plastic card and is encrypted and coded on several levels. The developer equipped the card with radio frequency identification technology that prevents the card from activating without scanning required biometric data.
Webber recently explained the security flaws in traditional ATM cards that his new plastic card eliminates. "If you lose it no one can activate it," Webber said, according to the Business Report. "It cannot work without your fingerprint and dead fingers don’t work on this."
"Using an alternative finger would signal that the owner has been forced to withdraw money and the bank would shut down the ATM," he added.
South Africa’s card systems for banking hav recently been implementing advanced security technology. Earlier this month, the country’s Standard Bank reported a 30 percent reduction in credit card fraud during the past year because of smartcard security technology integrated on customers’ cards.
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