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Friday, 16 May 2014

Withdraw Cash Without ATMS And PINs

 Hitachi and Itcard S.A. have announced plans to install 1,730 ATM machines in Poland with their biometric Finger Vein technology (pictured). This allows people to simply scan their finger and then access their account, rather than using a standard card and pin
What can’t technology do? Pregnant women might begin to give birth technologically too. Don't you think so?


Japanese technology company, Hitachi and Polish banking service provider, Itcard S.A. are working on their biometric ‘Finger Vein’ technology across Poland. The technology called ‘Planet Cash’ allows people to withdraw money and make payments without ATMs and PINs by placing their fingers in a scanner.

The technology works by sending near-infrared light through a person's finger. This is partially absorbed by hemoglobin in the finger, which then creates a specific finger vein pattern unique to the person that can be matched to a pre-registered profile

“Finger Vein is a key technology in our company’s strategy, Jarosław Chrzanowski. 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,” CEO at ITCARD S.A, said in a statement.

Handy idea! Developers hope hand scanning will 
become an alternative payment method for people if it is a success 
during trials in the city of Lund in southern Sweden (pictured)

The researcher, Fredrik Leifland also speaking about the technology added, “Every individual's vein pattern is completely unique, so there really is no way of committing fraud with this system. You always need your hand scanned for a payment to go through.'

The technology which works by using a combination of a CCD camera and near-infrared light has already been used in several banks in Poland and Turkey.



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