These ‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

2019-3-2 00:32

Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East.

Biometric Facial Recognition With Blockchain The ATMs are the result of a partnership between Alhamrani Universal (AU) and blockchain mobile-identity platform ShoCard. The five-factor authentication process includes facial scanning, the ShoCard ID, a QR code, session IDs, and timestamps among other certification methods

The post These ‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud appeared first on CCN

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Saudi Banks Set to Curb Card Theft with DLT and Biometrics

In a bid to make it impossible for fraudsters to use stolen cards to withdraw money at automated teller machine (ATM) points, ShoCard, a mobile blockchain-powered digital identity platform has developed an identity management solution that combines biometric and distributed ledger technology (DLT).

Alhamrani and ShoCard to develop blockchain secured biometric ATMs

Alhamrani Universal (AU) the largest ATM provider in Saudi Arabia, has announced a partnership with ShoCard, a blockchain-based identity authentication platform, to develop a biometric ATM prototype that will enable consumers in the region to use their blockchain-based app... Source