Yesterday, Hitachi Europe and ITCARD launched Europe's first biometric ATM shared network. The ATMs will use Finger Vein reader technology, allowing customers to withdraw cash and perform other operations without use of the card and PIN. The partnership plans to implement nearly 2000 ATMs throughout Poland by the end of 2014.
Coined “The Planet Cash project”, the biometric ATM shared network is a huge step forward in creating a new standard for secure, quick and convenient banking transactions throughout Europe, said Tadeusz Woszczyński, regional manager for the Central Eastern Europe in the Information Systems Group of Hitachi Europe Ltd, in an e-mail to SCMagazineUK.com.
Developed by Hitachi in Japan for the provision of secure ATM services in the banking sector, Finger Vein technology is a privacy compliant biometric solution that has been introduced successfully to both the Polish and Turkish banking sectors since 2009.