ATMs (Automated Teller Machines) are meant to let bank investors carry out financial transactions without the need to queue up in a bank. Customers can withdraw, invest, and transfer money with the help of ATMs using a magnetic chip card that contains unique card number and the security code. IBM coined up the concept of ATM in 1970s. Most of us rely upon ATMs for quick financial activities. You might be a usual visitor to ATM counters as most bank investors are these days.
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1. Pillar shaped ATMs with biometric sensors
It is a new ATM concept evolved out by an American firm NCR Corporation. Different from the brick-and-mortar ATM counters, it is just a pillar with preset cash buttons. The ATM is designed to erect in villages where illiterate people largely live. They will be uneasy to get through the procedure of a traditional ATM, because it requires the user to read several instructions to move on.
In this case, there are no ATM cards. For transaction on the pillar ATMs, you just need to press your thumb on the device’s biometric sensor. It will access you to the transaction menu, where only a few symbols and preset buttons will be visible to the user. Customers just need to tap on a button to dispense the cash. The financial institutions will collect the fingerprints of customers for the purpose. This ATM is proposed to be implemented widely in rural areas in countries like India and Africa. It is with an aim to help rustic people like farmers and laborers get their subsidies and investments easily.
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2. An ATM, no AVM for weeds
These are not ATMs for cash but an ATM-like machine that will dispense weeds to you. You can find these weed dispensing AVMs in Los Angeles, USA. To get the weeds, you are supposed to collect your doctor’s prescription first. Then, go to the AVM with the prescription. The machine will dispense the exact dose of pristine weed allowed to you by the doctor.
The machines are designed in the very form of ATMs. They are indeed guarded 24x7. The AVMs will help people who just gave up drugs, but not away from its mental shock. They no longer need to go to back-alleys to collect weeds. The weed dispensing kiosks will also restrict over-consumption of marijuana by those people.
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3. Lie-detecting ATMs in Russia
Russia’s largest retail bank Sberbank has introduced a landmark security system for ATMs. Apart from the fingerprint recording, passport scanner, or facial recognition, the new ATM depends on an advanced voice-analysts tool to curb the growing ATM fraud. The software will verify whether the ATM user is the real account holder through a sound analysis.
ATM will put questions such as, “are you employed?” to the user. If the answer is correct, the user can go on with the banking. The technology is developed in partnership with the Speech Technology Center. The bank plans to launch the lie-detecting ATMs across the country for security. In shopping malls and other busy locations, these kinds of ATMs are recommendable.
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4. Seven Bank’s eco-friendly ATM
Japanese financial firm Seven Bank, Ltd plans an innovative ATM, which will help all kinds of people. The ATM is to be manufactured in association with NEC Group. Even customers with visual impairment and overseas users can make use of the ATM with no complexity. The ATM counter will also have some eco-friendly aspects, the bank said. The bank plans to launch many similar ATMs across the country.
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5. Wells Fargo ATM UI redesign
Hot Studio designer Holger Struppek has designed an incredible ATM UI for Wells Fargo. The bank plans to implement the design to compete with the Bank of America. The new ATM design will be a huge help for customers, who can use the ATM like a computer. There will be great options to invest, transfer, and withdraw the money. Apart from all, the new ATM design will provide immense security and safety for the customers.
