ATMs were actually a revolution in the money transaction terrain, and we have seen so many add-ons to this technology.
The most innovative add-on was the fingerprint reader that made us leave our apartments with no need to carry ATM cards at all. As every coin has two sides, perverted minds began thinking of cutting off others’ fingers just to get their hands on some money. So to prevent this, a new technology is in development which when enabled will monitor whether there is blood flow to and from the finger.
This system will thus help prevent cutting off fingers but there are still options like pointing a gun to a head or a knife to the throat and making people withdraw their cash against their will. But we can avoid one painful way of losing our money with this technology.
The machines work on “finger vein” technology, rather than the topographic signature of a customer’s finger. The scanning technology, developed by Japanese tech company Hitachi, records the tiny veins that run through fingertips to create a unique identifier for each customer.
Only one such biometric machine, currently operates in Poland, though BPS plans to deploy three or four more of the ATMs in Warsaw before year’s end. About 200 more will end up in more than 350 bank branches there in coming years.
Though the Japanese have been using the technology for a little while now, this marks the first major commitment to institute biometric security standards by a large Western bank, as well as the first indicator that such technology may soon wash up on American shores.