Researchers from Tsinghua University and Tzekwan Technology have invented the world’s first-ever ATM that works with facial recognition capabilities.
Tsinghua University is a research university situated in Beijing, while Tzekwan Technology is a company that specializes in financial security protection.
This new invention has been certified by the government and will be made available in the market soon.
According to the Tzekwan chairman and anti-graft expert Gu Zikun, “this technology will ensure the greater security of card owners.”
Apart from the facial recognition feature, this new invention is equipped with improved counterfeit bill recognition as well as high-speed bank note handling. This ATM has completely relied on Chinese technology as compared to other ATMs in China, which largely depend on imported technology.
ATMs that scan fingerprints for user identification have been tested by companies in many countries, including the United States. Despite the presence of an added layer of security, the same privacy concerns that have beleaguered these cash machines will afflict ATMs that utilize biometrics as well.