First Bank of Nigeria Plc has introduced into the Nigerian banking sector, the bio-metric Automated Teller Machine (ATM), globally
acclaimed as one of the most secured payment system in terms of customer identification.
Group Managing Director and Chief Executive Officer, First Bank, Mr.Bisi Onasanya said that by introducing the bio-metric ATM in the
country, the bank has once more, demonstrated its preparedness to protect the data resources of its customers.
The First Bank boss, who made this remark at the launch of the new ATM gallery at the bank’s Head office in Lagos at the weekend, said that the development was consistent with the bank’s tradition of pioneering far-reaching innovations in the financial services industry. He added that the bank would strive to continuously provide products and services that facilitate national growth and development.
Onasanya explained: “In the increasingly technology-driven business environment, we are keen to provide solutions that are relevant to our customers’ dynamic needs. The Biometric ATM solution is available to our existing cardholders, who may wish to add biometric authentication as part of their transaction approval process on our ATMs in addition to PIN selection, while systematically new cardholders would be issued Cards with only Bio-metric authentication functionality.
“The use of customers’ Biometric features for authentication is quite secure and also addresses challenges of migrating diverse segments of customers to electronic channels which indeed provide enormous conveniences to our invaluable customers. The Biometric ATM scheme will therefore drive financial inclusion, a Central Bank initiative to address the banking needs of the unbanked population.”
Onasanya who said that the machine has undergone series of tests and would initially be located at the bank’s Head Office, disclosed that plans are in place to roll out more to strategic branches of the Bank.
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