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The researchers stated that this new kind of ATM MACHINE will apply facial recognition technology, high-speed banknote handling,
No more making quick runs to the cash machine when you can just call the cash machine to you u
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Citigroup says it has been working with cash machine manufacturer Diebold and has confirmed that preliminary scanning tests have been carried out on 30 consumers in a laboratory at it head office in New york. The test cash machines do need not even a screen
or a touchpad as all the information is loaded by the app ahead of time. Citigroup is not the only financial institution testing out cardless cash machines-JP MORGAN CHASE
and Bank of america are working on similar technology. The moves comes in response to US credit scoring firm FICO announcing that in May this year the number of attacks on debit cards used at ATMS had reached its highest level in 20 years.
as well as one day even pair up with external devices like public cash machines and information displays to offer Braille capability just about anywhere e
Chinese researchers have developed successfully the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft,
Cash machines using fingerprint authentication have sprung up in countries like Chile and Colombia though these biometric ATMS have not found favour with some countries like the United states because of privacy concerns and its high cost.
Chinese researchers have developed successfully the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft,
Cash machines using fingerprint authentication have sprung up in countries like Chile and Colombia though these biometric ATMS have not found favour with some countries like the United states because of privacy concerns and its high cost.
#Chinese researchers at Tzekwan Technology unveil face-recognition ATM MACHINE By Edward Chow For Mailonline Published: 13:02 GMT, 1 june 2015 Updated:
13:48 GMT, 1 june 2015 Chinese engineers have developed a cash machine that uses facial features-instead of the traditional PIN number-to identify card owners.
However, this also means only the owner of the card-not even their friends or family-will be able to get money from these cash machines.
Gu Zikun, Chairman of Tzekwan Technology, claims the device is the world's first cash machine to be equipped with the facial recognition function.
'The cash machine also represents China's first independent intellectual property rights in financial security protection. Apart from the innovative recognition system, the device can also exchange Chinese Yuan to as many as 256 foreign currencies.
Hackers had advanced such access to the banks systems that they could force ATM MACHINES to dispense cash at specific times
which they will swipe at a water dispenser just like a Westerner getting cash from an ATM MACHINE.
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