Page 2 - Iris Scanning News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dublin, Dec. 07, 2022 (GLOBE NEWSWIRE) -- The "Iris Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027"...

>> good evening. >> reporter: iris scanning could be coming an atm near you. citigroup is one of several major banks testing a cardless approach to banking with a new vision intended to be more secure and easier to use. >> schedule a transaction. i select withdraw. i select the account to withdraw from. the amount i'd like to withdraw and i simply hit okay and a notification informing me that the transaction is scheduled for redemption later. >> reporter: once the customer approaches with the mobile device, it scans the iris to verify the identity and out comes the cash. citi is in the early s...

>> welcome. welcome. >> reporter: while iris scanning may be effective, it does raise concerns, especially when it is used in schools. >> i would -- wonder where the database for this information is going to go naturally. >> reporter: for now, the information collected by the scanners is owned by the school district. but as the market expands, so do the possible security risks. >> there is going to be people that come into this market that don't have the thought process, if you would, that -- aren't going to be security safety driven. naturally that's going to happen. we wouldn't make sure tha...

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