Next-generation cash machines set to replace bank cards with facial recognition

Arizona Ralph, , , ,

Daily Mail
By VICTORIA WOOLLASTON

  • The Diebold Millennial ATM uses facial recognition instead of bank cards
  • Unique one-time security codes are sent to the phone by text message
  • The user then enters this code to withdraw their money
  • It is just one of the concepts recently showcased at a London conference

Cumbersome and slow cash machines with clunky buttons and tiny hard-to-see screens could soon be a thing of the past thanks to a range of next-generation ATMs.

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.

While German-based engineers at Waldorf Nixon have developed a machine that remembers the user’s withdrawal history to offer more personalised options.

Scroll down for video

Ohio-based security firm Diebold has created a cash machine that works like a tablet computer, pictured.

Ohio-based security firm Diebold has created a cash machine that works like a tablet computer, pictured. The touchscreen ATM connects to smartphones by scanning QR codes, or uses facial recognition technology, instead of bank cards

HOW WILL THE DIEBOLD ATM WORK?

Diebold’s ATM connects to a user’s mobile device when they scan an onscreen QR code. 

This syncs the device through a cloud-based service and is able to confirm 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 get their money. 

Diebold’s ATM can also set up a transaction in advance to make it possible to can send money to a third person.

The customer inputs the payment amount and the recipient’s contact information, which can be selected directly from his or her contact list.

The recipient then receives a one-time code he or she can use at an ATM or branch to receive money.

This will let users send cash to their children, for example, when travelling or away from home.

These ideas are just some of the concepts recently showcased at the ATM conference in London.

The tablet-inspired cash machine has been developed by security and software company Diebold.

The Millennial design looks and acts like modern smartphones and tablets, with similar navigation menus and controls. 

It is paperless, and receipts are sent via text message or email to a user’s phone.

Read More