The advantages of ATMs (Automated Teller Machines) like anytime money, wider reach, easy to use etc., make them popular among the customers. But there are some disadvantages too, like stolen card being used by someone, card deblocking and PIN (Permanent Identification Number) being cracked. Biometric technology can provide new age ATMs that will be free from these impediments and will enhance the security and comfort in the use of ATMs. However, this technology is also not free from evils.
One day you'll walk up to an automated teller machine and withdraw money without a card or pin number. Instead, the machine will recognize you automatically. Maybe it will match your face to your voice. Such a machine may be closer than you think.
ATMs are a common indispensable delivery channel for the new generation banks. The concept of ATMs flourished with the advantages such as anytime money, wider reach, easy to use, etc. being proved. However, ATM usage is mostly limited to the educated public. Even among the educated public, there are certain reservations with respect to the bank's practices of Issue of Personal Identification Number (PIN), Card deblocking, etc., which puts ATM at a disadvantage. This article examines the limitations of the present day ATMs and discusses the implications of Biometric Technology in the development of new age ATMs.
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