First Bank of Nigeria (FBN) has launched a biometric
authentication service for its ATMs.
FBN’s group head, eBsuiness, Chuma Ezirin, said that the launch
of the biometric ATM was part of the bank’s strategy to bolster
customer data protection and counterfeit fraud.
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FBN has rolled out the service at one of its branches in
Nigeria’s capital Lagos, but said that it will extend the service
to other branches.
The biometric ATM service is available to FBN’s card holders who
can add the biometric authentication feature to the exiting
PIN-based service.
Ezirin said that new cardholders, including the blind or
illiterate, will be issued a card that supports the biometric
authentication feature.
“This is a great feat for the Bank especially
at this period where fraud prevention and building customer
confidence on the use of electronic channels are key customer
acquisition and retention strategies. This would also drive
financial inclusion, a Central Bank initiative to address the
banking needs of the unbanked population’, Ezirin said.
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By GlobalDataThe biometric authentication service was developed by the
information technology team at FBN.
On 14 February, the Central Bank of Nigeria approved
the launch of an e-payment card specifically for the country’s
unbanked sector.
Mexico-based Banco Azteca is the worlds only fully
biometric bank and all its account holders use fingerprint DNA
to access their accounts.
