card-less atm authentication
Card skimming and other forms of ATM fraud are caused by shared secrets. Just like passwords, bank PINs and ATM card numbers are inherently shared secrets that lead to breaches and widespread account fraud from hackers who can focus on attacking a single point of failure – the ATM. In addition, the rise of ATM malware has exposed banks and their users to new unseen adversaries and attacks.
By applying the same concepts of true passwordless security to ATM access, financial institutions can enable a next-gen banking experience that significantly reduces risk while increasing privacy and enhancing customer experience. In this model:
- Card numbers and PINs are replaced with public-private key infrastructure.
- The ATM interface and transaction staging is performed on a mobile device.
- Private keys stored safely on the user’s personal device are never sent over the air.
Secure card-less atm experiences By eliminating shared secrets
NO CARD NUMBERS, ATM PINS, OR SHARED SECRETS
Combine mobile biometric authentication with HYPR’s advanced true passwordless security to securely authenticate users on their mobile device. Advanced public-key cryptography ensures you never share a card number or ATM PIN again.
A SECURE MOBILE-FIRST ATM EXPERIENCE
Never wait on a line again. By moving card-less authentication to the mobile device, your customers no longer have to be physically in front of an ATM to complete a transaction. Approve your transaction from the comfort and safety of your own home – and pick up your funds from any ATM just minutes later.
HYPR provides industry-leading standards-based approach to enabling card-less authentication. Our FIDO-Certified authentication ensures that your card-less ATM is future-proofed and fully interoperable with all major identity and access management systems.