Would you trust your bank if they started doing this? 38



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Banks in Australia are already under fire for giving poor advice, doing the wrong things by customers and charging more than ever while running higher profits than ever. So if they followed in China’s footsteps and started using this technology, would you happily trust them and use it?

Engineers in China have developed the first ATM that uses facial recognition technology instead of PIN numbers to identify users of bank cards prior to conducting transactions.

The official Xinhua news agency reports Beijing’s Tsinghua University and Hangzhou-based security company Tzekwan Technology have developed a prototype they hope will help reduce crimes committed using ATMs. However there is great debate about whether or not this method and fingerprinting really are safe and secure methods of control.

If Australian banks were to start using this technology, would you trust it? We use computers now more than ever to do the most basic daily tasks, mainly for convenience, but is our security a price you’re willing to pay for a little convenience?

Share your thoughts in the comments below… 

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  1. bit dubious on this, how many of us have family members that look like us? a sister or cousin etc? I think I prefer the way we have now

    1 REPLY
    • Quite true. My sister and I got c through Hong Kong airport security and I found out that we had each other’s passports

  2. It seems to me these days that the only people who can get your money out of your bank account are those who have no rights to it!

  3. Will have to wait and see – I remember being so sceptical about credit cards back in 1974 that I told my bank I didnt want one of the newly introduced Bankcards.They sent me one dispite mysel, and now I do almost all of my transactions with one or the other of my credit cards.

  4. Not really sure how secure the face recognition technology is. It would need to be extremely accurate which I’m not that sure that it is yet. I would take a bit of convincing I think.

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