14 Dec Qatar National Bank introduces iris recognition for ATMs
Iris ID, a leading provider of iris biometric technology has announced the Qatar National Bank (QNB) has begun using its Iris ID identity recognition solution to authenticate customers using the bank’s ATMs. The technology increases transaction security and convenience by allowing customers to have PIN-free access to all accounts.
QNB is Qatar’s largest bank and a leading financial institution in the Middle East and North Africa regions. The bank has 615 branches, subsidiaries and associates in 27 countries on three continents.
To use the Iris ID solution the bank’s customers participate in a one-time registration at a QNB branch office. The two-minute process involves taking a digital photo of the iris, which is converted into a small template stored in a secure database. At the ATM, customers will need only a second to look into a built-in reader and have their iris pattern confirmed.
Charles Koo, president and chief executive officer of Iris ID, said iris recognition adds another layer of security that cannot be copied, stolen or otherwise obtained, unlike ATM cards and personal identification numbers (PINs).
“Each person’s iris patterns are unique and unchanging, making iris recognition the most accurate — and rapid — means of biometric identity authentication,” he said. “This non-contact and sanitary solution is ideal to enhance security throughout the financial industry.”
Iris ID’s iris recognition solution, Iris Access®, is used by governments and major corporations around the world for access control, security, national ID and border crossing programs.
About Qatar National Bank
Established in 1964, Qatar National Bank, through its subsidiaries and associate companies, provides a comprehensive range of advanced products and services. The bank has more than 15,200 employees operating in more than 635 locations, with an ATM network of more than 1,390 machines. QNB has total assets of USD $150 billion.
About Iris ID Systems Inc.
Iris ID Systems Inc., formerly a division of LG Electronics USA known as LG IRIS, has been active in iris recognition research, development and production since 1997. Today U.S.-based Iris ID Systems is a global player in the iris recognition business. IrisAccess® is the world’s leading deployed iris recognition platform and in thousands of locations authenticating the identities of millions and millions of persons. More people look to IrisAccess for iris-based authentication than to all other iris recognition products combined. For more information, visit www.irisid.com.