While it sounds like something out of "The Jetsons," there soon might be an ATM that can identify you just by scanning your eyes. Diebold, a company that designs and markets ATMs, is partnering with Citigroup to test a new high-tech, mobile-friendly machine that would allow customers to do away with the current model of carrying around a plastic card.
Diebold is introducing the "Irving model" this week at Money20/20, a financial services trade show in Las Vegas. The machine is being tested by Citigroup in New York.
"This is part of the growing awareness of biometrics and biotechnology in daily life," Richard Harris, Diebold's vice president of new technology, incubation, and design, told CBS News. "Citi is looking from the consumer perspective to see what customer acceptance would be with this kind of technology. They are looking to see what customer acceptance is around biometrics, to see where acceptance of biometrics is in the U.S. population and around the globe."
How does it work? This design is mobile-focused, moving away from the touchpad and boxy screens that consumers are used to seeing at banks. A customer would sign into the machine through a mobile app on their tablet or smartphone to see how much money is in their account and determine how much they would want to withdraw. Then, all the customer has to do is approach the machine, which would scan the iris of their eye, and once his or her identity is verified, then the ATM will dispense the right amount of cash.