Digital Insight, an NCR Corp. company and a provider of digital banking solutions, is now offering touch ID functionality for mobile banking apps, according to a recent press release.
With Touch ID, consumers may use built-in fingerprint sensor technology rather than traditional login credentials to unlock their mobile banking application on a smartphone.
“Touch ID frees consumers from having to enter their username and password in order to access their finances,” said Dan Weis, senior product manager at Digital Insight. “The speed and ease of use of Touch ID will provide financial institutions another innovation to offer their customers and members and further help them differentiate in the marketplace.”
Fingerprints are stored on the mobile device, and this biometric data is encrypted with a key accessible only to the device.
Service Credit Union was one of several Digital Insight customers that participated in the pilot program for Touch ID.
“Touch ID enhances Service Credit Union’s ability to better serve our members with both increased security and convenience,” said CIO William Arnold. “We have already seen an extremely positive response from our members with this new level of ease of just using their fingerprint to log in to online banking.”
Digital Insight Touch ID functionality will be generally available later this year to the company’s FI customers. Accountholders will be able to use the technology on mobile devices that include iPhone 5s (running iOS 8 or higher), iPhone 6 and iPhone 6 Plus. It will be available for iPad Air 2 and iPad Mini 3 beginning Fall 2015.