Cash machines set to replace bank cards

Cash machines set to replace bank cards

Ohio-based security firm Diebold has created a touchscreen cash machine that works like a tablet computer, uses facial recognition and QR codes to identify and authenticate users, and has built-in safety cameras.

Diebold’s ATM connects to a user’s mobile device when they scan an on screen QR code which then syncs the device through a cloud-based service, which confirms the user’s identity without a bank card. The transaction screen then appears on the smartphone screen and the customers can select withdrawal amounts. A unique one-time code is sent to the phone, which the customer must enter into the ATM to authenticate the transaction and withdraw their money. It’s also paperless, and receipts are sent via text message or email to a user’s phone. 

It looks like slow cash machines with tiny screens could become a thing of the past. Watch this space.

Image by Aranami.

2013-07-17T13:52:41+00:00