What if ATM transactions could use 2FA to prevent fraud?

Photo by Nick Pampoukidis on Unsplash

The ATM is one of the most convenient ways to access cash. However, it is also one of the most common places for fraud to occur. This cost banks and consumers millions of dollars.

One way to reduce ATM fraud is to use two-factor authentication (2FA). With 2FA, a user would need to provide not just their ATM card and PIN, but also a second code that is generated by…