The New Chase Bank Electronic Banking Kiosks Could Use Biometric Scanning
Alyson Wyers — June 17, 2014 — Tech
References: psfk
Banking at Chase Bank ATMs is about to get a lot more secure. The consumer division of JP Morgan Chase & Co will be rolling out new lobby features including an electronic banking kiosk that could use biometric scanning to access personal information. This means in the future you could be scanning your palm print instead of inputting PINs.
This feature will be synced to a mobile banking app that will allow Chase Bank customers to withdraw cash remotely and pick it up when they are ready. In addition to the possibility of palm print scans, the newly designed electric banking kiosks will allows people to access their existing accounts, withdraw money, cash checks, make deposits and other payments.
1,000 of the new kiosks have already been rolled out, with another 600 planned before the end of this year.
This feature will be synced to a mobile banking app that will allow Chase Bank customers to withdraw cash remotely and pick it up when they are ready. In addition to the possibility of palm print scans, the newly designed electric banking kiosks will allows people to access their existing accounts, withdraw money, cash checks, make deposits and other payments.
1,000 of the new kiosks have already been rolled out, with another 600 planned before the end of this year.
Trend Themes
1. Biometric Scanning - The introduction of palm print-scanning ATMs presents opportunities for businesses to explore biometric scanning technology for enhanced security and convenience.
2. Remote Cash Withdrawal - The integration of a mobile banking app with the new ATMs allows for remote cash withdrawal, providing businesses with opportunities to streamline banking services and offer greater convenience to customers.
3. Multifunctional Banking Kiosks - The newly designed electric banking kiosks offer a range of functionalities beyond basic transactions, creating opportunities for businesses to create innovative and versatile self-service banking solutions.
Industry Implications
1. Banking - The introduction of palm print-scanning ATMs could revolutionize the banking industry by improving security measures and enhancing customer experience.
2. Technology - The use of biometric scanning technology in ATMs opens up possibilities for technological advancements and innovation in the field of security and authentication.
3. Retail - The integration of remote cash withdrawal capabilities in ATMs could impact the retail industry by reducing the reliance on physical cash and promoting digital transactions.
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