A common concern with using an ATM for financial transactions is the potential for stolen passwords to give thieves unauthorized access. Utilizing new biometric security that scans the palm of the hand prohibits these thieves even before they can be caught red-handed.
, the first ever palm vein biometric authentication system was developed by Fujitsu
and is a small sensor that can easily be used in PCs, ATMs or for accessing a building.
The biometric palm vein identification technology looks at a feature unique to every person—the veins in the palm of their hand. By scanning the palm of a persons hand to find vein patterns, the system validates the individual and then compares that information to pre-recorded data for verification.
According to a news release
, the bank chose to deploy the PalmSecure solution because of its high level of accuracy and because the solution is non-evasive and hypoallergenic—meaning users will accept it more easily.
In the future, and as the number of security breaches, especially financially fraudulent transactions increases, a biometric palm vein reader will serve to ensure authentication and verify that both banks and their customers can make secure transactions free from the concern of security breaches.