'Biometric Blockchain ATMs' Scan Your Face to Fight Dark Web Card Fraud
Companies, agencies, institutions, etc
ATM
PIN
CCN / Conor
MaloneyThe
AU
the ShoCard ID
QR
Gemini Advisory
ShoCard, Inc. (
2018Still
individuals’
Digital
The Written Craft
People
Alhamrani Universal
Armin Ebrahimi
Tariq Abdat
ShoCard
Conor
Groups
No matching tags
Physical locations
the Middle East
Places
No matching tags
Locations
Saudi Arabia
US
Ireland
Events
Vision 2030
Summary
Through five-factor biometric authentication, this method of cloning cards and withdrawing small fortunes is impossible and essentially rendered obsolete, allowing banks and financial service providers to catch up with dark web criminals at last.The prototype being launched by AU, which controls over 50% of the market share of ATMs in Saudi Arabia, is designed to be bank-agnostic, communicating information across any number of institutions and providers.The ATMs use blockchain technology to confirm the identity of each user without actually accessing the database of their bank.
As said here by Conor Maloney