Biometric Technology Not Popular In US ATMs
Dave Scott writes for the Akron Beacon Journal asking "whatever came of the idea of going up to an automated teller machine, having it check your fingerprint and drawing out some cash?"
"In the case of ATMs, the PIN will be here for a long time," said Jim Block, Diebold's director of global advanced technology." Part of the reason stems from the PIN's popularity. Consumers can access ATMs nearly anywhere in the world by simply inserting their card and punching in a secret four-digit number. Biometrics are not universally used because there is no standard for storing the data.PINs still have a good track record for security. The American Bankers Association said banks took $43 million in losses in 2004 from PIN transactions, including ATMs and point-of-service transactions using debit cards. By comparison, check fraud totaled more than $600 million. "PINs themselves are very secure," Block said. "I would say no PIN fraud is because somebody figured the PIN out; it is because somebody was unable to keep their PIN secure."
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