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Science/Tech See other Science/Tech Articles Title: Forget PINs - now you can withdraw cash with your VEINS: Hitachi rolls out biometric scanning technology for ATMs 1,730 cash machines in Poland are to be given 'Finger Vein' technology This lets people scan their finger and withdraw money from an ATM The technology doesn't require the use of a card or pin number It has already been used in several banks in Poland and Turkey The 'Planet Cash' project is the work of Hitachi and Itcard S.A. Using a card to withdraw money from a cash machine could soon be a thing of the past. Japanese technology company Hitachi and Polish banking services provider Itcard S.A. are in the process of installing their biometric ‘Finger Vein’ technology across Poland. The technology allows people to simply place their finger in a scanner instead of entering a card and pin number to withdraw cash. The project, called Planet Cash, will be implemented in a minimum of 1,730 ATMs in Poland this year. The technology has already been employed in a few banks in Poland, but now it is being rolled out to the general public. As of yet, however, Hitachi has announced no plans to bring the innovative technology to other countries like the UK. The technology works by using a combination of a CCD camera and near-infrared light. When a finger is placed in a scanner, the near-infrared light is passed through the finger. This is partially absorbed by haemoglobin in the veins and captures a finger vein pattern profile that is unique to everyone. This is then matched to a pre-registered profile to verify individual identity. Using the system users can perform the same functions on an ATM that they would with a regular card and pin number – withdraw cash, check balance, make payments and so on. ‘Finger Vein is a key technology in our company’s strategy, JarosBaw Chrzanowski, CEO at ITCARD S.A, says in a statement. ‘We’ve already been using this technology for ATMs in the cooperative banking sector. ‘Once again, ITCARD is making a revolution in the market by launching the first biometric shared network in Europe which can be used by all banking customers.’ The announcement follows similar vein technology that is being employed elsewhere. In April, Swedish shoppers signed up to make payments with a simple swipe of their hand. The developers hope hand scanning will become an alternative payment method if it is a success during trials in the city of Lund in southern Sweden. The vein-scanning terminals have been installed in 15 shops and restaurants after an engineering student at the local university came up with the technology two years ago while waiting in line to pay. Some 1,600 signed up for the system which its inventor insists is safer than credit cards. 'Every individual's vein pattern is completely unique, so there really is no way of committing fraud with this system,' said researcher Fredrik Leifland. 'You always need your hand scanned for a payment to go through.' The plan is to patent the system and expand it around the globe. To sign up, users have to visit a shop or restaurant with a terminal, where they scan their palm three times and enter their social security and telephone numbers. A text message is then sent to their mobile phone with an activation link to a website, with payments taken directly from customer's bank accounts twice a month. More than 1,000 shoppers have signed up to make payments with a swipe of their hand. Every person's vein pattern is unique, so there really is no way of committing fraud with this system, the maker claims Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Lorie Meacham (#0)
It will be nice if that replaces the need to carry and scan a credit card.
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