New solution for card-less ATM transaction

Manama : The Commercial Bank of Qatar will introduce an innovative biometric solution that enables card-less transactions on ATMs, Bahrain-based 01 Systems, the regional leader in banking software solutions, announced yesterday.

The new technology will enable customers to access their account at Commercial Bank branches and ATMs with finger vein scanners without need for a card or PIN number.

The technology maps the internal vein system within a finger, and will only accept a living finger unlike fingerprint scanning. It is secure and eliminates fraud as the pattern of blood vessels in fingers are unique to each individual and finger-vein patterns cannot be reproduced or forged.

This technology incorporates finger vein devices from mofiria Corporation – a biometrics hardware manufacturer – coupled with 01 Systems’ highly efficient biometric servers to produce an outstanding identification solution. Additionally, it is integrated with ATMs from NCR Corporation.

Satoshi Amagai, CEO of mofiria, said the technology is designed to minimise the calculations required for authentication for a faster and more secure banking process.

In the same context, 01 Systems has also signed an agreement with CBQ for the Business Process Management transformation project. 

CBQ banking operations will be automated based on 01 Systems’ BPM system.

Commercial Bank CEO Joseph Abraham said biometric security features are an important tool to combat financial fraud and identity theft.

“Introducing finger-vein scanning technology to the local market is not only innovative, but also provides an effective way for customers to access their accounts securely without the need for a card or PIN,” he added.

Meanwhile, 01 Systems CEO Ali Sharif pointed out that the finger vein technology is already widely used in global markets and provides customers with easy and secure access. 

“This is an exciting opportunity to set new standards for authentication technology, and more importantly to protect the customer’s identity,” he added.