Virginia Credit Union using new eye print security option
Richmond VA Dec 13 2017 Virginia Credit Union is offering another layer of security for its mobile banking users.
EyeVerify is a biometric authentication based on a person’s eye print. The feature uses a phone camera and eye print to confirm the user’s identity when opening the credit union’s mobile banking app.
EyeVerify is an option for members who do not want to manually enter a password or for those do not have a phone that accepts fingerprint identification. Unlike other biometric technologies, it doesn’t depend on a particular model of smartphone.
“Since not all phones are enabled for fingerprint authentication but most offer a camera, we wanted to provide an additional layer of security for their mobile banking information,” said Frank Macrina, senior vice president of products and channels for Virginia Credit Union.
The optional technology can provide users with a fast and secure way to use the mobile banking app, Macrina said. Also, if a phone is lost, EyeVerify locks down access to the member’s accounts.
It can be used as well for people who have joint accounts, with eye prints recorded for both users and verified upon opening the app.
The eye biometric offers a stronger option than a thumbprint, Macrina said. However, it is a new technology, and the thumbprint is still the most popular method of biometric security.
The credit union began offering the technology in the spring ahead of many of its banking competitors.
“We’re still waiting for the numbers,” he said when asked how many people have signed up.
VACU members can enroll through the setting menu of their mobile banking application.
The Chesterfield County-based financial cooperative has about 263,000 members, including 129,000 mobile users.
Times Dispatch
