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- Barclays and Hitachi develop device to access online banking with finger
- Latest measure in bid to combat growing threat of fraud
- Business customers will be able to use it from next year
Barclays has developed a futuristic finger-reading device to combat the growing threat of cyber criminals and has confirmed it could launch it across its customers in the near future. The device will allow users to scan their finger as a security check when accessing online bank accounts and authorising payments - negating the need for PINs, passwords or authentication codes. The high street banking giant, in partnership with Hitachi, has developed the technology as it looks to ramp up the fight against the ever growing threat of fraudsters.
The futuristic technology will be available to its corporate clients from 2015 but, if successful, its 15million regular customers could also have the option to use it in years to come. The compact device can read and verify users’ unique vein patterns in the finger, helping to combat identity fraud currently experienced by UK businesses. Using Hitachi’s VeinID, which is recognised as one of the most secure biometrics systems in the market, it doesn’t take finger prints, but instead vein patterns......Read more here