China unveiled the world's first facial recognition ATM, which renders “face swiping" possible when it comes to automated cash machines, China Daily reported yesterday.
The machine, jointly researched and developed by Tsinghua University and a tech firm named Tzekwan Technology, made breakthroughs in recognition of authentic identification and processing speed. Its performance increased 20% compared with similar products.
Connecting bank and police systems, the machine's facial matching system only allows cardholders to withdraw money. Non-cardholders couldn't make any withdrawal even if they have the pin number.
Facial recognition technology has become a hotspot for China's tech companies. In April, Jack Ma, founder of China's e-commerce giant Alibaba, presented the first facial recognition function of its Alipay mobile payment at the annual CeBit tech exhibition in Hannover, Germany.
The unveiling is part of the country's "Made in China" campaign, moving the mainland away from manufacturing low end goods to creating high end and technological products in the next ten years.