A Chinese-developed ATM has been revealed in the last week that uses facial recognition as well as of pin numbers. The concept machine will also apparently be equipped to record the serial numbers of each note, and attribute them to a bank user.
Developed by Tsignhua University and Hangzhou based Tzekwan Technology company, the ATM will be used in banks and local police offices to crack down on card theft. Those who use stolen bank cards won’t be able to withdraw money, even if they have somehow obtained the password.
The ATM is equipped with cameras that compare the face with the user’s ID photo for verification. According to the developers of the machine, its transaction speed is higher than current ATMs in china. They also claim that the cash recognition abilities of the ATM software are higher than curret competitors. (Source in Chinese)
It’s been reported that the number of attacks on debit cards used at ATMs globally has reached it’s highest level in 20 years. ATMs became widespread in China after 2002, when China UnionPay Co.formed a central system. Until 2006, three companies led the supply of China’s ATMs, American companies Diebold Inc. and NCR Corp., and Germany’s Wincor Nixdorf AG. However, ATM technology in China developed a lot through the years, BTC China introduced Mobile bitcoin ATM Picasso last year.
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