Always ahead of the game, FNB announced that they have successfully tested and rolled out biometric identification payments (a system that uniquely identifies an individual by their unique biological traits).
“With the rise in identity theft, it is crucial that we adopt measures that not only protect us as a bank but also protect our customers. Biometrics verification is one way to build trust with our customers.”
By being able to verify customers through fingerprints, the bank has created FNB Pay, a payment method that allows you to pay for items with your fingerprint. Available to FNB clients only and on their Android smartphones, FNB lets you purchase goods below R200 without swiping your card.
In order to use FNB Pay, you have to have an NFC Android Smartphone and the latest version of the FNB app installed.
Once installed and when you would like to make a payment, simply tap your phone against the payment terminal in store and use your fingerprint to authorise the payment.
“We continue to use innovative measures to make banking safe and convenient for our customers”, CEO of FNB Smart Solutions.
