An eye for a buy: Banks look to retina and fingerprint technology

ANZ has floated the idea of retina-scanning automatic teller machines and is considering using electronic fingerprints as part of an effort to beat rival banks in the realm of technology.

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By the middle of next year, it would introduce 800 ATMs that allowed ''next generation'' deposit services, including coins, notes and cheques to be credited to customers' accounts immediately, the bank said yesterday.

It will plough about $1.5 billion into new technologies, including ATMs consumers could access through fingerprints or retina identification.

How much does your CU plan to invest in your ATM technologies? Read the article to learn more about how ANZ is using biometrics to deliver better security for their consumers transactions.