Face Recognition ATM officially launched withdrawals to bid farewell to bank cards and passwords

Science and Technology Development Recently, the biometric ATM of Samsung SDS Nexsign technology using FIDO certification was formally launched. Users can complete withdrawals by interacting with banks and ATMs through their own biometrics, thus replacing the dependence of traditional withdrawals on bank cards and passwords.

The ATM withdrawal process with Samsung SDS Nexsign technology is as follows:

Users need to withdraw funds from their mobile banking app before ATM withdrawals;

The user uses a Samsung S8 mobile phone near the ATM's NFC reader;

After the transaction request is confirmed, ATM will prompt the user to perform face scan on the mobile phone to complete the authentication;

After the verification is passed, the ATM will make a loan, and the entire withdrawal process will end without requiring the user's bank card and password.

Faster and safer are the main highlights of the use of biometric authentication for ATM withdrawals. Identity authentication based on face recognition not only greatly increases the difficulty of criminals stealing user's bank card information; at the same time, the speed of withdrawal is also doubled as compared with traditional ATM withdrawal methods.

At present, this new type of ATM is in the stage of promotion and conforms to the development trend of biometric identity authentication. Undoubtedly, it will be widely used and deployed in the future.

It is reported that face recognition is increasingly used in payment and transaction confirmation scenarios. Last year, Mastercard launched a "pay-by-selfie" service in Europe. Users are spending online and they will be required to perform identity authentication at the final payment stage. This includes asking for fingerprints or performing face scans. Faces, users need to face the phone camera, and blink, the image is then converted into a digital code back to the Mastercard for authentication.