Colombian bank launches biometric ATM

Wednesday 1 December 2004 11:56 CET | News

Bank customers in Colombia now have the option of using their fingerprints to withdraw cash from ATMs.

Colombias Bancafe Bank has partnered with technology company NCR to upgrade its ATMs and allow its 2.5 million customers the option of accessing their accounts and withdrawing money using just their fingerprints and PIN numbers. According to NCR, around 50 percent of Bancafe Banks customers have signed up to use the machines, and the bank expects that figure to grow as it upgrades its entire network of ATMs. Mark Grossi, NCRs chief technology officer, said that biometric technology is now reliable and cheap enough to be used in a banking environment. Nelson Sanchez, commercial director at Bancafe, said the fingerprint technology has attracted new customers to the bank--many of whom were previously reluctant to open accounts. Sanchez said the bank initially tested the technology on 170 ATMs. The technology is now live on three-quarters of the banks 486 machines. NCR said that there are currently no firm plans to deploy the technology outside of Colombia.

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Categories: Payments & Commerce | Payments General
Countries: World
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