Withdrawal of Money Using Your Face

by | Jul 5, 2021

Every day, hundreds of people withdraw money from ATMs for various purposes. The process is easy. Yet, people are always looking for more seamless ways to withdraw money.

One of the newest techniques is using face recognition. This method is easier than the card withdrawal option. You will get instant cash from any ATM without bothering to carry a card.

Online gamers are making use of this way as they need regular cash deposits and withdrawals. For instance, a popular Vulkan Vegas online casino offers different opportunities to win some cash. If you need a Vulkan Vegas “kod promocyjny” 2021 or, in other words, a promo code for free real play or want more exclusive 10 free spins, you won’t find it that easy. You just need to sign in to the loyalty program, play, win money and then withdraw it using your face. For other popular methods in regards to cash deposits and withdrawals, check out this Trustly guide.

One of the newest techniques is using face recognition. This method is easier than the card withdrawal option. You will get instant cash from any ATM without bothering to carry a card.

What is money withdrawal using face?

As technology advances every day, people can now withdraw their money from ATMs using only their faces. The method depends on a technology named face biometrics. The technology itself is not a new one. It is similar to how iPhone face ID works. The ATM has a camera that recognises and identifies faces. Then, it allows you access to your account.

Many banks started using this technology for easier cash withdrawal. All you need to do is go to an ATM that supports this option. Then, click withdraw cash by face and let the camera scan your face. After that, you may be asked to provide some information such as phone number, ID, or pin. On the other hand, some banks don’t require additional information after face recognition. However, many people believe it is better to have double security layers.

Benefits of face verification at ATMs

Many industries that need a safe and seamless way of withdrawing funds can gain advantages from this technology. It has several benefits so far. Some of these benefits are:

Enhancing the customer experience

For any industry, there will be a need to either withdraw or deposit money to purchase something. When customers do this with the minimum steps possible, they are more satisfied with the experience.

Reducing risk and fraud

With such a technology, it becomes harder for hackers to steal bank accounts. Moreover, there is no more fear of losing a bank card.

More security and safety

Additionally, the technology offers one of the best-secured withdrawal methods ever. Especially when using the face ID along with the pin code, there is no way to hack or steal accounts. Currently, several banks in China are using this method. Also, OCBC in Singapore is testing this technology on various ATMs. However, it limited the use of face verification to balance inquiries only. It is expected that it will extend to cash withdrawal and deposit shortly. It is just a matter of time till they are sure the method has no issues.  

The only concern here is whether it is just a face recognition or another identification measure. Customers should always have the option to choose what best suits them. Whereas face identification is more accessible, it might be less safe. So, it is essential to consider safety issues before anything else.