BEIJING: Chinese researchers have successfully developed the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft, media reports said.
Some Chinese inventors have been developing high-tech innovations for everyday objects — everything from umbrellas to a robot that delivers food to restaurant patrons – and now ATMs can be added to the list.
Researchers from Tsinghua University and Tzekwan technology, a financial security protection firm, have announced the first ATM that works with facial recognition capabilities, reports the South China Morning Post.
The researchers stated that this new kind of ATM machine will apply facial recognition technology, high-speed banknote handling, and an improved capacity to recognize counterfeit bills.
Gu Zikun, Tzekwan chairman, said that the machine would soon be available on the market. At the moment, no information has been released regarding who would manufacture the ATMs and exactly how these machines will collect facial recognition data.
The new ATMs are expected to connect with the country's banks and public security networks, which allows only guarantees that only cardholders to withdraw money, even if someone else knows the password.
But opponents to the technology have taken voiced their concerns about privacy and accuracy online. "What happens if someone had plastic surgery to look like someone else," one user asked. "How much will it take to turn my face into Jack Ma's (founder of Ali Baba)? (the founder of Alibaba), questioned another.
The United States currently does not use this kind of ATM biometric technology, but Baltimore’s Securityplus Federal Credit Union did run a trial for a machine that used facial recognition tech. - PTI
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