The Centre for Intelligent Systems of the Savitribai Phule Pune University (SPPU) in Pune, Western India, has recently developed a portable ATM device that allows users to order Money in physical form such as banknotes and coins. More via a secure biometric system.
The micro ATM machine can be used by individuals or be installed at the workplace. Once the order is placed by the user, the bank is notified and the From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More delivered in the following 30 minutes. CEO of the National Payments Corporation of India (NPCI) stated that the system is already being used by some private banks across the county.
The identity of the cash requestor is verified via iris and fingerprint scans as well as through his/her Aadhaar card number. A receipt is printed for the user as well as the bank, and a delivery person is thereafter sent by the bank settle the transaction.
The patented system could be revolutionary, particularly for the elderly and the disabled.
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