A minimum of 1730 Planet Cash ATMs will be equipped with Finger Vein readers during the year 2014 which will allow customers to withdraw cash and perform other operations (balance check, immediate money transfer etc.) by their finger, without use of the card and PIN. The company motto of the implementation is: “Cash within your finger”.
ITCARD S.A. – one of the leading providers of banking services in Poland announces the launch of the first biometric ATM shared network in Europe, called Planet Cash. By the end of this year the company will have implemented a network of around 2000 biometric ATMs using Finger Vein technology, according to the press release. This innovative biometric solution has been provided by a leading technology company – Hitachi Europe Ltd. A subsidiary of Hitachi, Ltd.
Planet Cash is the second biggest ATM shared network in Poland, owned by ITCARD S.A. Currently Planet Cash has more than 500 ATMs already installed. This year, Planet Cash will install an additional 1500 ATMs (from Wincor Nixdorf and Diebold) which will give the company an 11% share of the Polish ATM market. Planet Cash ATMs will be situated in the most convenient locations across the country, including retailer chains such as Biedronka, Carrefour and Intermarché as well as in the central areas of the main Polish cities. The operator also already has ATMs located in the branches of a number of banks including Bank BGŻ.
„Finger Vein is a key technology in our company’s strategy. We’ve already been using this technology for ATMs in the cooperative banking sector. Once again, ITCARD is making a revolution in the market by launching the first biometric shared network in Europe which can be used by all banking customers”- said Jarosław Chrzanowski, CEO at ITCARD S.A.
ITCARD is making a revolution in the market by launching the first biometric shared network in Europe which can be used by all banking customers. In March 2014, ITCARD signed an agreement with Hitachi Europe Ltd. for the implementation of Finger Vein in 1730 Planet Cash ATMs. After the launch of the Planet Cash shared network, biometric services can be provided to all banks in Poland. Currently, a number of top commercial banks are very interested in joining the biometric scheme.
ITCARD is a leading provider of banking services inPoland. The company is processing more than 12 million card transactions per month and has outsourced more than 3500 ATMs. It provides services to both the cooperative and the commercial banking sectors. ITCARD is the first company in the world to have implemented a biometric host system, allowing the different banks connected to the scheme to manage biometric transactions between themselves. Currently ITCARD is providing biometric services based on Hitachi’s Finger Vein solution to more than 20 cooperative banks.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
