FIRST INTERNET BANK ADDS BIOMETRIC ACCESS

The first bank to operate entirely online has made more technological headway, as it now includes fingerprint-based banking.

First Internet Bank announced this week that it has begun offering Touch ID functionality for customers using its personal mobile banking application. Replacing traditional login credentials such a username or password, First Internet Bank’s Touch ID operates by using fingerprint-sensing technology.

First Internet Bank customers who utilize Touch ID will receive the same amount of access that is available via the login methods the system is replacing. A user’s fingerprints are stored permanently in his or her mobile device, and encrypted with a key that is only accessible on said device.

“First Internet Bank is a pioneer in digital banking, with a history of delivering innovative, customer-oriented banking services,” stated David Becker, President and CEO of First Internet Bank, in a company news release. “Our customers have come to expect a rich digital banking experience from us. With speed and ease-of-use, Touch ID demonstrates our continued commitment to applying technology and practical design to meet our customers’ needs.”

Touch ID access is available to First Internet Bank customers that are running the Bank’s personal mobile banking app on iPhone 5s, iPhone 6 or iPhone 6 Plus. There are also plans in the works for First Internet Bank to make Touch ID available on the iPad Air 2 and iPad Mini 3 at an unspecified future date.

Source : - pymnts