Facts you should know
CHINA DEVELOPS WORLD’S FIRST ATM WITH FACIAL RECOGNITION TECHNOLOGY (09 Jun 2015)

China develops world’s first ATM with Facial Recognition Technology
  1. China has successfully developed the first automated teller machine (ATM) with facial recognition technology to reduce the risk of theft and fraud
  2. The machine was created by Tsinghua University and Hangzhou-based technology company Tzekwan.
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  4. China has unveiled the world’s first ATM with facial recognition technology, which its designers say will help reduce theft and fraud.
  5. The ATM was developed in a joint venture between Tsinghua University and Tzekwan Technology in China’s eastern Zhejiang province,South China Morning Post reported on Sunday. The company specializes in security protection for financial transactions.
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  7. The ATM is equipped with a camera, which takes a photograph of the user and then compares it to ID photos. It will also be linked to the local police and banks.
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  9. The technology guarantees people using other people’s bank cards to withdraw cash won’t be able to. While this does stop fraudulent use, it also means you can’t withdraw money for a friend or relative, who may be ill or unable to go to the cash point.
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  11. What Makes it special about it :-
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  13. It has a camera installed in it that captures the facial features of the user then compares it with a database of identification photos.
  14. It looks at biological features so it can can identify people even if their facial features have changed.
  15. Gu Zikun who is the chairman of Tzekwan is an anti-counterfeit technology expert he belives that the technology will curb ATM-related crimes  and it is indigenously built by China.