Aeon Bank is introducing ATMs that allow clients to perform transactions using only their fingerprints for identification. It will be the first Japanese bank to offer biometric verification without also requiring a card or PIN.
Clients of the bank will first have to register their prints with the bank. They then have to scan two fingers to activate the ATM before they are allowed to make deposits, withdrawals, transfers or check their account balances. Withdrawals and transfers will be capped at 1 million yen ($8,233) for now. Users will need to be 18 years of age or older.
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Fingerprint registration will be open on 15 February and the bank aims to have the technology ready for use by late March. The first of these ATMs will be installed at a store in Tokyo’s Chiyoda Ward. Aeon Bank hopes to eventually operate around 5,500 units throughout Japan.
A number of Japanese banks already use biometric identification – but in conjunction with cards or PINs. Aeon Bank is partnering with start-up Liquid – which boasts advanced fingerprint recognition technology – for this project. The bank hopes to make ATMs more convenient while reducing card theft.
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