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Westpac to launch fingerprint access to online banking

Australian bank and financial services provider Westpac is all set to launch smartphones fingerprint access for online banking beginning January 2015.

Fingerprinting

Called Touch ID, the biometric log-in will enable customers to use their regular online access codes, a four digit PIN or a fingerprint.

Customers with smartphones can avail the fingerprint recognition that is available on the iPhone 5S, iPhone 6 and 6 Plus, as well as Samsung’s S5 and Note 4 in order to access their bank accounts.

Westpac digital head Harry Wendt said that the information from the fingerprint data would be encrypted on the mobile phone, thereby providing a layer of additional security.

In order to access this type of banking service, customers have to use the specific device on which their fingerprint has been encrypted.

Fingerprint access on iPhones is also available from Westpac NZ, St George and Bank of Melbourne, the subsidiaries of Westpac.

Westpac is claimed to be the first international bank to offer fingerprint access through the Samsung Android devices.

In addition to fingerprint access, Westpac plans to update the Westpac Live digital banking platform.


Image: Fingerprint recognition is available on the iPhone 5S, iPhone 6 and 6 Plus, and Samsung’s S5 and Note 4. Photo courtesy of Goldy