Campus Cards, College and University Identification and Security

New ATM has enhanced security functions

Wednesday, March 23, 2005

Oki Electric Industry announced it has launched ATM-BankIT, a new automated teller machine (ATM) for financial institutions with enhanced security functions, improved reliability and usability features, and can reduce operation costs. The new ATM can also quickly respond to a variety of new services based on mobile phones and contact-free IC cards, which help financial institutions utilize ATMs as a strategic sales basis. Oki plans to start sales for this ATM-BankIT in Japan from July 2005.


“We have been the industry leader in ATMs in Japan with a 40% top market share. We plan to further increase our market share by offering this ATM-BankIT as one of our main products, as well as providing total ATM services such as maintenance and operation consignment to our financial customers,” said Takashi Hattori, President of the Financial Solutions Company and Senior Vice President of Oki Electric. “We believe financial institutions can deploy new services using mobile phones and contact-free IC cards and deploy sales by responding to their needs such as linking with CRM servers using our ATM-BankIT.”

Keep reading to find out the new additions to the secure ATM.

Many financial institutions and their customers are highly concerned about security and demand for a safe and reliable ATM as the ATM environment changes. ATM-BankIT enhances its security functions by mounting light shielding filters to protect pin numbers from prying eyes and by responding to various biometric identification such as IC cards, finger veins, palm veins, iris, in which financial institutions can choose which method suits their service. The new ATM also enables a longer-period unmanned operation as the banknote capacity is increased to 14,500 notes, the largest in the industry in Japan. In addition, it has adopted a universal design, creating an ATM that is also easy to use for the physically challenged and the elderly.

Based on TxFlow, Oki’s architecture for the retail banking system, Oki plans to actively provide financial solutions that can also connect CRM servers and bank branch terminals. [end] 

Dubai-based Simage Technologies has announced the release of its new Secure Contactless Token, a multi-purpose biometric device for secure ID, payments and secure authentication.

With the new device, users can securely access their bank accounts online, pay for public transportation or goods at supporting retail locations, access e-government services with secure ID verification and store electronic health records.

read more »

While new high-tech vending machines are being released with options such as touch screens, nutritional information displays, wireless coin dispensers, stock monitors and biometric payments, some feel the idea of moving forward with biometric-based payments on the devices may not work yet, according to a Retail Solutions Online article.

read more »

Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

read more »

MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

read more »

Singapore’s CITY Tours has introduced a new contactless smart card that allows tourists to tap into various city attractions, according to asiaone.com.

In addition to speeding up lines, the card also gives visitors up to a 45% discount at popular attractions such as Underwater World and the Singapore Zoo.

read more »

eNational Payments, a provider of mobile and contactless electronic commerce and payment processing services, has a entered into a strategic partnership with Mocapay, enabling its merchants and retailers access to Mocapay’s secure mobile payments solution and mobile marketing engine to reach customers in real-time.

read more »

Cardsmith