What's new

Tech Seven Bank plans facial recognition ATM service

News stories related to technology and innovation.

thomas

Unswerving cyclist
Admin
14 Mar 2002
15,970
9,208
749
Japan's Seven Bank will allow customers to deposit and withdraw cash using facial recognition at around 20,000 ATMs nationwide from March next year.


Seven Bank plans facial recognition ATM service

Photo credit: Konosuke Urata


The service will be the first of its kind in Japan, Matsuhashi said. The bank, a unit of Seven-Eleven Japan parent Seven & i Holdings, initially will limit the use of facial recognition to its roughly 2.75 million account holders. The service could be expanded to depositors at other institutions. Seven Bank ATMs are located in Seven-Eleven convenience stores throughout Japan. To activate facial recognition, customers will link their account information to their faces at a Seven Bank ATM. Those customers then receive a unique ID, required in subsequent transactions as an added security measure. They no longer will have to present their cash card to the machines. Around 13,000 -- or half -- of Seven Bank's ATMs already carry facial recognition technology. Another 6,000 machines are slated to be replaced this fiscal year with the updated model, developed jointly with Japanese technology company NEC in 2019, in preparation for the new service.


Paywall alert:
 
They will probably can it when they get the complaints about failures. The facial algorithms are fairly reliable but the visuial data collecting from a camera is so unreliable because of lighting and facial variation. A site insisted on doing it from my webcam and failed over and over.
 
Back
Top Bottom