Retail Automation – No Bank Card Required: Citigroup Testing Eye-Scanning ATM

By | October 27, 2015

The ATM of the future could mean no card reader, no PIN pad and no touch-screen display.

Source: www.nbcnews.com

Diebold said the entire transaction could be completed in less than 10 seconds. The new system is more secure than traditional ATMs, in part because you wouldn’t need a card and wouldn’t have to punch in a PIN, the company said.


Since Irving is only in the testing phase, it’s unclear when — or if — these devices will be rolled out on a broader scale. Citi didn’t immediately return a call for comment.

Diebold’s dual-sided self-service Janus concept. Diebold Inc.

Diebold also unveiled a second futuristic banking concept on Monday that it calls “Janus.” It’s a dual-sided terminal that can serve two customers at the same time for in-branch customer service.

Related: Beyond the Wallet: Apple Pay ‘Cements the Future’ of Mobile Payments

“Our latest concepts embody a new era of banking and put the user experience at the top of the pyramid to connect consumers with their money when and how they see fit,” Frank Natoli, Diebold executive vice president, self-service technology, said in a press release.