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Citigroup is testing two concept ATMs from Diebold that will scan a customer's eyes using their cell phone:
The first concept, dubbed "Irving", uses the customer's phone camera to scan their iris instead of having them type in their personal ID number. Diebold estimates that the cash withdrawal process could be shortened to just 10 seconds with this method. The second concept, known as "Janus", is a double-sided ATM that also does away with the card reader. Instead, it can email or text receipts to the user.
Despite growing demand, Citigroup doesn't appear to be in that much of a hurry:
"Larger players sometimes like to wait on the sidelines a little longer to see if a product has merit before investing in it," Javelin analyst Daniel Van Dyk told the WSJ.
The company's reticence is in part due to questions about whether the general banking public is willing, or even able, to submit to regular biometric scans in order to access their hard-earned cash.
Regardless, companies like Citigroup are in the proverbial catbird seat since young people think national banks offer the best mobile services.
(Score: 1, Informative) by Anonymous Coward on Wednesday October 28 2015, @08:23PM
Landlords and banks especially would be in a position to verify your identity and sign a new key after the old key's revocation has been published ...
Who is this landlord person you speak of? I lived with my parents until I saved enough that I could buy a house in a far suburb, for cash.
(Score: 2) by kurenai.tsubasa on Thursday October 29 2015, @12:56AM
Ah, don't worry! Being a homeowner myself I've foreseen this situation! In our cases, perhaps the title company, real estate agent, and, if she shows up for closing (mine didn't), the previous owner can engage in mutual key signing.
(Count your blessings, AC. No jealousy here, but there's a disturbing trend where I live of parents throwing their kids to landlords a week after high school graduation. If I ever find Mr. Right, I'd never do such a thing, because I would hope my child would have your opportunity. This isn't just LGBT children either, surprisingly! These cows just don't understand how wealth works.)