ATM (Automated Teller Machine):
1. ATMs transformed the bank tech system when they were first introduced in 1967.
2. The next revolution in ATMs is likely to involve contact less payments.
3. Much like Apple Pay or Google Wallet, soon we will be able to conduct contact less ATM transactions using a smartphone.
4. Some ATM innovations are already available overseas.
5. For example, bio metric authentication is already used in India, and its recognition is in place at Qatar National Bank ATMs.
6. These technologies can help overall bank security by protecting against ATM hacks.
