Apr 09 2007
Indian ATM and point-of-sale technology firm AGT Electronics is developing a prototype of a biometric ATM which runs on the open-source Linux operating system.
Coimbatore, Tamil Nadu-based AGT says the touchscreen-based ATM could be used for dispensing government welfare payments as well as by banks in rural areas. AGT says it chose to use Linux in order to reduce the cost of developing the ATM. The first version of the prototype allows customers to take out cash using a smart card. However, within two months AGT Electronics expects to launch a second version of the prototype which uses biometrics to verify customers� identity. The project has been funded by Electronics Corporation of Tamil Nadu (ELCOT), a local state government agency. According to press reports, ELCOT is seeking marketing partners for the biometric ATMs. AGT Electronics is not the only Indian company involved in biometric ATM technology. Chennai-based Financial Software and Systems recently launched a software interface which connects biometric ATMs to payments switches. Last December, Citibank India last year launched its first biometric ATMs: Citibank India Uses Biometric ATMs to Capture Micro Savings.
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