Biometrics make cash handling safer and easier while improving accessibility to financial services.
Biometrics-enabled ATMs have a key role to play in promoting more secure retail environments and enhancing accessibility to financial services in South Africa. That’s the word from Patience Rolls, Executive Head: Cash & ATMs at EasyPay Cash, one of the automated cash management solutions offerings at
For retailers installing a smart retail ATM recycler, built to SABS Category 4 standards, is like putting the bank in their store. Retailers don’t need to leave their premises to manually bank their cash to get value in their bank account. Retailers not only reduce their risk but can also earn a rebate from each successful cardholder cash withdrawal.
The success of such fraudulent schemes depends on the criminal’s ability to get their hands on the victim’s card and their PIN code. Biometrics can eliminate this vulnerability by replacing PIN code authentication with a unique physical characteristic of the cardholder, such as their voice, iris or fingerprints, says Rolls.Biometrics like fingerprints are linked to a single individual, unlike a password, which can be used without authorisation.
EasyPay Everywhere has deployed thousands of ATMs in retail environments nationwide. This brings financial services to the doorstep of some 1.4 million EasyPay Everywhere clients, many of whom are social grants recipients living in remote or rural areas and otherwise financially excluded people. Such services are key for the, part of Lesaka Technologies Inc, offers robust automated cash management as part of a portfolio of fintech solutions.
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