Mobile access: the smartphone as a key
- News
- IM TREND
- 7.9.2023
- Reading Time: {{readingTime}} min
- Share Article
Contents
The change in the banking world and the NFC revolution
The introduction of contactless technology via NFC (Near Field Communication) has triggered a veritable revolution. With the help of this technology, the functionality of smartphones is expanded: from a communication tool to a key that can even replace a bank card. To do this, the smartphone is registered via the bank app. Afterwards, it can be used - provided the function is activated by the respective bank's billing centre - to enter a financial institution via mobile access and carry out transactions at cash recyclers and self-service terminals. Payments at POS terminals, for example in supermarkets or at petrol stations, are also possible.
Depending on the configuration and activation by the data centre, authentication at the NFC reader can take place both by entering a PIN code and by biometric data such as fingerprint or Face ID, which makes handling particularly convenient.
The introduction of NFC and the possibilities it offers have fundamentally changed the way we conduct banking transactions. This technological change makes it possible to integrate banking services directly into our digital lifestyle
"The introduction of NFC has fundamentally changed the way we bank."
KeBin and the smartphone: new possibilities for access control
The integration of smartphones into security technology opens up completely new possibilities. Access systems such as KeBin S10 from KEBA can not only be controlled classically via bank cards, but also via smartphone. The physical bank card is simulated digitally via the bank app. KeBin then checks whether the virtual card corresponds to the defined number range and then grants access - or not. From the entrance door to authentication at the evo series cash recycler or at the KePlus D10 self-service terminal: All these areas can be used securely via smartphone. It is the next step in the evolution of access control, which increases flexibility for customers and at the same time provides more security.
We have already explained in detail in another article what advantages KeBin offers, how it works and what possible applications it covers.
Omni-channel strategy: maximum convenience for bank customers
Time is limited and customers want to do their banking as quickly and conveniently as possible. This is where the Omni-Channel Strategy - offering different ways to use a service - plays a crucial role.
No matter whether customers have forgotten their smartphone at home and therefore have to use their debit card. Or whether customers generally only have their smartphone with them and do without physical cards altogether: An omni-channel strategy ensures that bank customers always have a choice. Different channels are linked together to create an efficient banking experience. This flexibility is not only convenient, but also ensures that banks can meet the requirements and expectations of their customers in an ever-changing digital world. Of course, KEBA products provide all the functions necessary for a comprehensive omni-channel strategy.
And what does the future hold?
Technologies are constantly evolving - and this naturally also affects banking as well as common security measures. In Poland, for example, biometrics are being increasingly used: There, the hand veins are measured with a sensor. This handprint can then be used for authentication. The advantage: the unique arrangement and structure of each person is an additional and, moreover, very secure way of identifying a person.
But many innovations await us beyond biometrics as well. For example, an entire transaction, including amount and denomination, could be prepared on the smartphone. Once in the bank, customers only have to register their device with the contactless reader of the cash recycler and the transaction is completed automatically.
The future of the smartphone as a key is exciting and full of possibilities. At KEBA, we are committed to driving this development and helping you implement these technologies. Whether it's NFC-enabled self-service systems, access systems or new types of transaction processes, we are your reliable partner on the road to the future.
