U.S. tests eye-scanning ATM machines

YEREVAN, OCTOBER 26, ARMENPRESS. Citigroup Inc. is testing new technology with automated-teller-machine maker Diebold Inc. that would allow customers to withdraw money with an eyeball scan or a code on a smartphone instead of a card swipe. “Armenpress” reports the aforementioned citing Wall Street Journal.

Citigroup’s experiment involves a new kind of cash machine that lacks a screen or touchpad. Instead, customers would first check the bank’s mobile app on their smartphone or tablet ahead of time to sign in and select how much money they want to withdraw. Then, they would approach the machine, which would quickly scan their iris to verify their identity. The machine, which connects to the mobile app, would spit out the right amount of cash.