Three Australian high school students, who developed and patented an EFTPOS machine with fingerprint security, are heading to Cape Canavarel, to complete for grants and possible scholarships.
The teens hope to take top honours, and secure backing for their anti-fraud technology that could one day see its rollout worldwideAimed at making card fraud more difficult, the secure EFTPOS machine has secured them a spot in the final of the global"So you tap your card like you normally do at the moment. And then if it is over $100 instead of using your pin number you use your fingerprint,” finalist Mitchell Phelan said.
The roll out of chip and pin technology has seen face-to-face card fraud plummet and biometric technology is already being used to prevent further point-of-sale fraud.