Biometric authentication uses unique physical attributes to verify user identity. Expert says using fingerprints at ATMs may be safer.
If you were given the option to withdraw cash from your bank account using your fingerprint, would you go for it?
EasyPay Cash executive head for Cash and ATMs, Patience Rolls, said biometric-enabled ATMs have a key role to play in promoting more secure retail environments and enhancing accessibility to financial services in South Africa. However, Rolls explained that ATM fraud schemes such as card swopping, card skimming and Lebanese loop , were still common.
“Fingerprints are the biometrics authentication option of choice in South Africa because fingerprint scanners are accurate, robust and highly fraud resistant.According to EasyPay Cash, the biometric functionality also enables cashiers to ‘cash and dash’, by allowing quick and seamless cash deposits
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank Zero beats TymeBank and Discovery Bank in digital banking price comparisonWe compared fees for three prominent digital banks in the country, including TymeBank, Bank Zero, and Discovery Bank, to determine which is the cheapest.
Read more »
Enhancing Public Sector Cybersecurity: An Interview with Expert Anna CollardIn an era where digital threats are escalating, the public sector's cybersecurity posture is more critical than ever, particularly for the public sector. With the proliferation of cyber threats and attacks targeting government entities, understanding and addressing cybersecurity challenges are of paramount importance.
Read more »
Signs of bubble in record-setting Bitcoin surge — investment expertBank of America chief investment strategist Michael Hartnett said markets are showing the characteristics of a bubble in the record-setting surge by the technology sector’s so-called Magnificent Seven stocks and the all-time highs in crypto.
Read more »
Angola: Expert Highlights Advantages of Changes Made to the Customs TariffThe technician from the Northern regional department of the General Tax Administration (AGT), Dionísio Domingos, highlighted, on Wednesday, in Ndalatando, Cuanza-Norte province, the advantages of the changes made to the national customs tariff.
Read more »
DA demands IT expert look at ANC’s “crashed” cadre records laptopSouth Africa’s official opposition is seeking an order declaring the ruling party in contempt of court for “unpermitted” redactions in the ANC’s cadre deployment records.
Read more »
Standard Bank Reports Strong Profit Growth in 2023Standard Bank has seen a profit jump of 27% and a return on equity of 18.8% for 2023. The bank's net income grew to R177 billion, with headline earnings reaching R42.9 billion. The bank's Africa Regions franchise contributed 42% to group earnings, with Ghana, Kenya, Mauritius, Mozambique, Nigeria, Uganda, Zambia, and Zimbabwe being the top contributors. The bank also saw a 6% growth in active customers.
Read more »