Your finger could soon replace your PIN and even your card
Barclays business customers will be able to access their accounts via high-tech finger-recognition technology from next year, the bank has announced.
By scanning their finger with Hitachi's futuristic VeinID device, customers will be able to log on to their accounts without the need for PINs, passwords or security codes.
It is hoped the technology, which recognises a customer's unique vein patterns, will help further the battle against online identity fraud experienced by businesses across the country.
Barclays said that unlike fingerprints, vein patterns are extremely difficult to replicate, making it a more secure system of identifying a customer correctly.
The scanned finger must be attached to a live human body for it to be authenticated. Barclays will not hold the user's vein pattern and there will be no public record of it
VeinID is already used by banks as a password replacement system and at cash machines in North America, Japan and parts of Europe.
Leading edge innovation
Ashok Vaswani, chief executive of Barclays personal and corporate banking, said: "This solution is at the leading edge of innovation and is in direct response to client concerns about the threat of online fraud while making our customers' lives easier through its convenience.
"We have shown the technology to a range of businesses and the interest and enthusiasm for the product is tremendous. The technology has also been tested by Hitachi for many years and it will be game-changing for UK businesses and consumers.
"Ultimately, I hope this will pave the way for other institutions to adopt equally robust technology in the fight against online crime."
The device will be available for the bank's corporate clients from 2015 but is likely to be offered to individual customers in the future. Barclays has already introduced voice recognition software for some customers, removing the need for password and security