The technology works alongside current PIN identification to add an extra layer of security to the ATM transaction, a report says.
June 2, 2015
Hangzhou, China-based Tzekwan, a technology company, and China's Tsinghua University have collaborated to develop the world's first market-ready ATM to employ facial ID, according to a report by China.org.
The report said that the use of facial ID will make it impossible to use another person's bank card and PIN to access their bank account, thus dramatically increasing ATM security.
The ATM uses a built-in camera to snap a picture of the user and then compares that image to the individual's photo ID on file. If the images do not match, the machine refuses access.
The machine can recognize a legitimate user even if that person's appearance has changed, thanks to the use of sophisticated data markers.
Other security features of the machine include the ability to identify and verify multiple currencies and the ability to capture and record the serial code of every banknote deposited.
The report said that the machine — the first to be fully developed in China — provides faster transaction times than any other currently available ATM.