Facial Recognition ATMs Could Curb ATM Theft

Facial Recognition ATMs Could Curb ATM Theft

December 16, 2014         Written By Bill Hardekopf

A credit union in Baltimore is testing a biometric ATM that could help curb ATM theft. Using facial recognition as a form of identity authentication, this ATM will ensure that only the card owner will be the one pulling money from an account.

As America moves toward a stronger level of security in its credit cards, Securityplus Federal Credit Union is taking a stand in the ATM world. The company has long used fingerprint authentication for its 100+ employees, but it is now testing facial biometrics for its customers. The goal is to provide customers with peace of mind when using their SFCU cards because they know the ATM will only approve their use.

For every transaction, the ATM scans the face in front of the machine to ensure it is the right person. If a different person shows in the screen, the transaction immediately stops.

Of course, this facial recognition program will not work on out-of-network ATMs. Thus, a thief could still steal your card and go to another bank’s ATM machine to withdraw money. Nevertheless, this could certainly be a step in the right direction.

The new ATMs have been tested over the past few months by 15 SFCU employees. Customers could have an opportunity to use the ATM at the end of the month.

The prototype ATM will still be in a testing phase for the time being, but if it is successful, the technology could soon spread to other banks.

The information contained within this article was accurate as of December 16, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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