Money Matters - Simplified

Swiping bank cards may soon be a thing of the past!

A regional bank in Japan has rolled out a number of ATMs that can read customers' palms to identify them.

Need funds in an emergency but don't have your bank card? Just place your hand on automated teller machines (ATM’s) and out comes the cash!

In what can be termed as a pioneering new technology, a regional bank in Japan has rolled out a number of ATMs that can read customers' palms to identify them.

The scanning technology for cash withdrawals, deposits and balance inquiries is certainly heartening news for people who worry about losing, destroying or forgetting their precious bank cards.

The idea of the innovative banking system came in the aftermath of the 2011 earthquake and tsunami.

The disaster wrecked havoc and many survivors couldn’t access their bank accounts for months because they’d lost all their personal ID documents and cards.

Ogaki Kyoritsu installed the new ATMs at the bank's Hashima city branch in the prefecture and a "mobile branch" that is used in time of a disaster.

Biometric-dependent ATMs
Ogaki Kyoritsu Bank based in Gifu prefecture launched the new system at its ATMs that assesses vein patterns to distinguish between different people.

Users are required to simply scan their hand on the sensor, enter a four-digit PIN, their date of birth on the ATM and they will receive the desired cash amount in the regular manner. However, registration at the teller counter is necessary beforehand, Kyodo News agency reported.

Ogaki Kyoritsu installed the new ATMs at the bank's Hashima city branch in the prefecture and a "mobile branch" that is used in time of a disaster.

The bank will introduce the biometric-dependent ATMs in 18 outlets including Gifu, Aichi, Mie and Shiga prefectures on Thursday. The service will also be available at its ATM installed at Nagoya train station in Aichi Prefecture.