FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers.<\/p>\n
Known as TouchPoint, the device functions as a self-service kiosk from which customers can conduct transactional banking such as withdrawals, transfers and payments, view statements, purchase airtime and electricity and perform card cancellations.<\/p>\n
In addition to this, the device also allows for new account opening by reading a consumer\u2019s thumb print.<\/p>\n
\u201cThe TouchPoint validates a customer\u2019s identity by scanning a fingerprint placed on the biometric reader and it can detect false fingerprints to prevent fraud. The identity of the customer is then verified with the Department of Home Affairs to ensure the self-service account opening complies with the relevant laws,” said Lee-Anne van Zyl, CEO of FNB Points of Presence.<\/p>\n
\u201cThe introduction of biometric validation on self-service devices is an important step to making banking much more accessible to South African communities. As the use of biometric technology becomes more pervasive in the everyday life of customers, it\u2019s important to use this technology to accelerate access to banking services,\u201d she said.<\/p>\n
FNB said that the TouchPoint device has been successfully piloted in Gauteng since November 2017.<\/p>\n
The aim is to place the devices in branches, community retailers in townships and rural areas across South Africa. A total of 50 TouchPoint devices will be introduced in select townships during the next 6 months.<\/p>\n
\u201cLocal retailers are often the back-bone for many communities, especially senior citizens who rely on local outlets to access basic services. We believe that our partnership will drive foot-traffic to these small businesses and help them to provide increased value to customers,\u201d said van Zyl.<\/p>\n