Will Biometrics Technology Make Your ATM Card Obsolete?

Citibank is in the early stages of testing a high-tech ATM that uses your eyes, not a card, to verify your identity.
2:29 | 12/24/15

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Transcript for Will Biometrics Technology Make Your ATM Card Obsolete?
bit here with so many people rushing to the stores today, the atms of America will be humming with activity dispensing cash for last-minute gifts but this morning we're getting a glimpse of what could be the future. New technology that would render your atm card a relic. ABC's gio Benitez is here with more. Good morning. Good morning. You really won't believe your eyes or maybe I should say you won't believe what your eyes can do and that's because your cornea may become your next debit card. Agent confirmed. Reporter: It's like a scene out of "Mission: Impossible" but biometrics are no longer the future. They're hi. Citi Bank giving us a look where they're in the early stages of testing this high-tech atm that uses your eye, not a card, to verify your identity. We are always looking for innovations that will bring simplicity to your life. Reporter: Deibold, the maker shows us how it works. Please present your eyes. Okay. This is very 007. First, you must register your eyes. Then you simply schedule transactions through a mobile banking app. Let's say you wanted $60 and you'd say, okay. Reporter: When you arrive at the atm. Just identify yourself, get your money. There's no more card, no more pin. Reporter: When it comes to cardless atms bane of America is also testing them and jpmorgan says it already plans to roll some out in late 2016. Use your fringeprint and enter your P.I.N. Reporter: Citibank says it makes your bank account even more secure. The iris scan is the second most reliable marker in your body behind the DNA. Reporter: It may seem silly but when they're thinking of that they're thinking of grabbing an eyeball and putting it in front of a machine. No picture, no videos. No eyeballs. Cybersecurity experts agree. It'll add security by providing a level of uniqueness that just doesn't exist with simple passwords. Reporter: But the electronic frontier foundation says there still could be vulnerability if an unauthorized person is able to hack into a system where your biometrics are stored. Again, this technology is not out yet. It's still being tested. Citibank says it's important they get it right before it launches. In fact they don't even know yet when it's going to be released but I kind of want it now. It's pretty cool. Unbelievable bit of technology. Yeah. Gio, thank you so much.

This transcript has been automatically generated and may not be 100% accurate.

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