The ATM (Automated Teller Machine) has become a staple in our lives, making it easy to access cash and conduct other financial transactions without entering the banking hall.
However, ATMs are also a target for criminals as they often use stolen cards or PINs to commit fraud. The iris recognition technology is emerging as a highly secure way to authenticate ATM users. Iris patterns are unique to each individual and cannot be easily replicated, making them an ideal biometric identifier.
How Does Iris Recognition Work?
To enrol in iris recognition for ATM use, you will need to walk up to an equipped ATM and have your iris scanned by a specialised camera. The scanned image is then saved in the ATM’s database. When you make use of the ATM, the camera will scan your iris again and compare it to the stored image. If there is a match, you will be granted access to the ATM.
Benefits of Iris Recognition for ATM Security
Iris recognition offers several advantages over traditional ATM security methods such as pins and passwords. The advantages include:
Iris patterns are unique to each individual and cannot be easily replicated. This makes them a much more secure way to authenticate users instead of pins or passwords.
Iris recognition is a biometric identifier that requires minimal contact, so you do not have to touch the ATM to use it. This makes it a more hygienic and convenient way to authenticate users.
Iris recognition is less susceptible to fraud as it cannot be stolen or guessed.
Drawbacks of Iris Recognition
There are a few drawbacks to iris recognition for ATM security:
Iris recognition systems are more expensive than traditional ATM security systems.
2. Privacy concerns
Some people have concerns about the privacy implications of storing their iris images in a database.
3. Equipment Reliability
Iris recognition systems require high-quality equipment to function properly. If the equipment is not properly maintained, it can lead to false authentications.
The Future of Iris Recognition in ATM Security
Iris recognition is a promising new technology that has the potential to revolutionise ATM security. As the cost of iris recognition systems decreases and the technology becomes more reliable, we can expect to see more ATMs using this technology in the future. Surely the times ahead will be exciting.
Iris recognition is a highly secure and convenient way to authenticate ATM users. While there are some drawbacks to the technology, the benefits outweigh the risks. As the system becomes more affordable for institutions to install and the technology becomes more reliable and acceptable, we can expect to see more ATMs using this technology in the future. Ultimately financial transactions on ATMs will become easier, quicker, and more secure for everyone willing to give it a try.
Researched by: Aduloju Oluwatoyosi Afolabi