News and insight into biometric identification and authentication

Polish bank first with biometric ATMs in Europe

Thursday, May 13, 2010

BPS, a Polish bank, has become the first European bank to offer the use of ATMs that accept biometrics in lieu of traditional PINs with the launch of ATMs that utilize finger-vein biometrics to authenticate an individual’s identity, according to an article from The Register.

BPS customers who intend to use the new technology still use the same bank cards, but now have the option to register their finger vein pattern instead of using their PIN to access their account.


Officials from the bank expect that the new technology will help all their customers in better protecting their accounts from scammers or thieves, but further expect the system to be especially helpful to retirees that need to use the machines to get cash. BPS expects to have two or three more machines installed in Warsaw by the end of the year and hopes to have the total number available across Poland to be as many as 200 eventually.

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Dubai-based Simage Technologies has announced the release of its new Secure Contactless Token, a multi-purpose biometric device for secure ID, payments and secure authentication.

With the new device, users can securely access their bank accounts online, pay for public transportation or goods at supporting retail locations, access e-government services with secure ID verification and store electronic health records.

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Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

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PNC Bank has entered into a university banking relationship with Bowling Green State University, Ohio, to offer financial solutions for the university’s more than 24,000 students, faculty and staff.

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PhoneFactor Inc. continues to grow its financial services roster announcing additions to its most recent clientele: Heartland Financial USA, OceanFirst Bank, Northway Bank, and CUANY Credit Union. The PhoneFactor solutions have been utilized by financial institutions as a way to protect customers using e-banking from online fraud. Additionally the PhoneFactor technology can authenticate bank employees for remote logins.

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While new high-tech vending machines are being released with options such as touch screens, nutritional information displays, wireless coin dispensers, stock monitors and biometric payments, some feel the idea of moving forward with biometric-based payments on the devices may not work yet, according to a Retail Solutions Online article.

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M2SYS Technology, a developer of biometric technology solutions, has announced it has reached a partnership agreement with Boriana Ltd. that will see Boriana distributing M2SyS technology.

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