“We want our ATMs to be used not just for deposits and withdrawals, but as a terminal for a wide variety of services,” the president of the bank said.
Seven Bank in Japan revealed that they plan to install roughly 20,000 ATMs that allow customers to deposit and withdrawal money with facial recognition, instead of having to provide a tangible ID or card.
Seven Bank is apart of 7-Eleven Japan’s parent holding company Seven & i Holdings, which they say on their website they aim to “create a better version of daily life by going beyond.” Their ATMs are located at Seven-Eleven convenience stores all throughout Japan.
President Masaaki Matsuhashi said that this service will be the ‘first of its kind’ for Japan, he told Nikkei Asia. At first the bank will limit the use of facial recognition to its roughly 2.75 million account holders, but acknowledged the service could expand to depositors at other institutions, including things like verifying ticket purchases and more. These facial recognition ATMs could be ready to use by March, 2024…
