Nigeria News

Finger smart ATMs coming your way

NExt time you go to the Hyosung brand of  ATM to withdraw cash or do other transactions, the machine would know you. This gives you more confidence and added security to your funds in the bank. The champion of this technology development in Nigeria is a foremost ICT infrastructure and solutions provider, Inlaks Computers.

atm-finger-printThe company in apparent   support of the CBN’s financial inclusion program is introducing Hyosung Finger Print Biometric Automatic Teller Machines, ATMs, into the Nigerian market.

Director for Sales and Strategy for e-business, Mr. Tope Dare, said “The new security technology on Hyosung ATMs would be available to existing cardholders, who may wish to adopt biometric authentication as part of their transaction approval process on their bank’s Biometric enabled ATMs.”

It will be in addition to PIN selection while new cardholders, especially those who can neither read nor write, would be issued cards with finger-print authentication functionality only. For him “This would also promote financial inclusion strategy, a central bank initiative to address the banking needs of the unbanked population.”

It is expected that the ongoing Biometric Verification Number (BVN) project by the Banks and NIBSS which was meant to address the safety of customers’ funds and eliminate loss of funds through compromise of account Personal Identification Number (PIN], would be seamlessly integrated into Hyosung’s fingerprint ATMs already being deployed to some commercial banks in Nigeria.

Managing Director/CEO, Africa Operations of Inlaks, Mr. Femi Adeoti, explained that the fingerprint biometric ATMs do not only provide convenience and security to the diverse customer segments in Nigeria but also align with the financial inclusion strategy of the Central Bank of Nigeria to address the unbanked population using ATM as a channel.

He said ‘’This is a great feat for Inlaks especially at this period when fraud prevention and building customer confidence on the use of electronic channels are key to customer acquisition and the retention strategies of the financial institutions.”  Inlaks was also the first ATM vendor in Nigeria to deliver Windows7 ATMs from Hyosung to the market early last year in compliance with the CBN and Microsoft global directive on exit of Windows XP on ATMs.

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