Banking and payments technology specialists Fidelity Information Services (FIS) and ATM provider A transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. Alliance International (PAI) have recently announced a partnership to provide Touch ID technology to 70,000 ATMs in retail locations across the United States. This will allow customers to simply withdraw 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... with a smartphone and fingerprint.
A similar technology is already available and allows people to retrieve Money in physical form such as banknotes and coins. without a plastic card via a smartphone application. In this case, the customer orders the withdrawal online and uses a QR code to authenticate his/her request at the ATM, which then dispenses the requested amount of money. However, the new offer arising from the partnership will allow people to easily authenticate themselves with their fingerprint via Touch ID technology originally developed by Apple. This new service is more convenient and especially more secure as customers will avoid card skimming threats.
A growing number of banks, such as JP Morgan Chase or Bank of America, have already implemented mobile technology to their withdrawal process and plan to make their ATMs compatible with Apple Pay in the coming years.
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