GRGBanking announced today that it will install biometric readers on cash recycling ATMs that the company has agreed to deploy for Ziraat Banksai, Turkey's largest state-owned bank and the country's second-largest financial institution.
The ATMs will be equipped with palm vein readers, which use vascular patterns on an individual's palm to identify the customer.
"Compared with a finger, a palm has a broader and more complicated vascular pattern; therefore, it contains a wealth of features for personal identification," GRGBanking officials said. "The technology offers contactless authentication and provides a hygienic and non-invasive solution, which promotes a high level of customer acceptance."
Ziraat Banksai, which is based in Ankara, is the first Turkish bank to introduce biometric technology, and GRGBanking claims this is the largest deployment of biometric ATMs in Europe and North America. GRGBanking field-tested the palm vein readers in December.
The manufacturer, which is the largest ATM supplier in China and one of the 10 largest in world, announced in April that it had signed an agreement to sell more than $35 million worth of HS8N ATMs to Ziraat Banksai.
GRGBanking never has disclosed the exact number of ATMs it is selling to Ziraat Banksai, but the ATM manufacturer said that 1,505 palm vein readers will be installed in the machines as part of the agreement. The palm vein readers also may be installed on Ziraat Banksai's existing network of 2,900 ATMs.
Dr. Eduardas Vaigauskas, general manager of GRG Banking Equipment (HK) Co., Limited, said the deal for biometric readers with Ziraat Banksai will help boost adoption of biometric technology in the financial industry worldwide.
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GRGBanking to install biometric ATMs in Turkey
- Frederick Lowe
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