Comments on: Citibank to Install Thumbprint ATMs… in India! http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/ Specialization is for Insects. Sat, 21 Nov 2009 18:09:32 -0600 http://wordpress.org/?v=abc hourly 1 By: Shatru http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-44998 Shatru Fri, 19 Dec 2008 03:43:45 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-44998 The Man, I was surfing for something else but I came accross this. This is a huge pet peeve of mine so Im going to comment even if its old. ll answer the question you had - its because Americans are afraid to share their personal data. Not a little afraid - its almost in the psyche. For specialised services like a box its ok - but a generic ATM? See you in court - even if its optional the other people will be upset at the entire concept and even talk about the cutting off the finger scenario. I've lived around the world and I always am amazed how bio-id's and other technology are simplifying things. The basic reason is US consumers dont want to give up personal data. When Im in England there are barely any police on the roads because they have over 100 million CCTV cameras. You speed and the tickets in the mail. Everyone is cool with it - here there is no city with a high camera penetration rate. When I fly into three EU countries I never have to sign a frorm, talk to a immigration officer or take out my passport. Im out in two minutes. A machine takes a retina eye scan and know 100% who I am as I've had to go through a rigourous pre screening. When I came back to JFK, my own country, I have to wait 20-30 minutes. Toll booths in France all take credit cards In fact no major European countries require signatures anymore for Visa, MC and AMEX as they use the chip and pin system. This has cut down fraud ten-fold. When I was in South Africa students used fingerprints technology on campus. When I was in Japan, you could pay for a coke at a machine with your cell phone. Oh and yes, I was in India and yes there were some machines with fingerprint technology. In fact during my year in India - everything I needed was online - I never had to go to a government office or stand in line. It always upsets me because, I know 99% of this stuff is made in America - but we are the country that is always afraid of big brother and personal data sharing. The result is no innovation for cutting edge consumer services - take it from me - everything in the US takes longer except getting your food at a resteraunt. The Man,
I was surfing for something else but I came accross this. This is a huge pet peeve of mine so Im going to comment even if its old. ll answer the question you had – its because Americans are afraid to share their personal data. Not a little afraid – its almost in the psyche. For specialised services like a box its ok – but a generic ATM? See you in court – even if its optional the other people will be upset at the entire concept and even talk about the cutting off the finger scenario.

I’ve lived around the world and I always am amazed how bio-id’s and other technology are simplifying things. The basic reason is US consumers dont want to give up personal data.

When Im in England there are barely any police on the roads because they have over 100 million CCTV cameras. You speed and the tickets in the mail. Everyone is cool with it – here there is no city with a high camera penetration rate.
When I fly into three EU countries I never have to sign a frorm, talk to a immigration officer or take out my passport. Im out in two minutes. A machine takes a retina eye scan and know 100% who I am as I’ve had to go through a rigourous pre screening. When I came back to JFK, my own country, I have to wait 20-30 minutes.
Toll booths in France all take credit cards
In fact no major European countries require signatures anymore for Visa, MC and AMEX as they use the chip and pin system. This has cut down fraud ten-fold.
When I was in South Africa students used fingerprints technology on campus.
When I was in Japan, you could pay for a coke at a machine with your cell phone.
Oh and yes, I was in India and yes there were some machines with fingerprint technology. In fact during my year in India – everything I needed was online – I never had to go to a government office or stand in line.

It always upsets me because, I know 99% of this stuff is made in America – but we are the country that is always afraid of big brother and personal data sharing. The result is no innovation for cutting edge consumer services – take it from me – everything in the US takes longer except getting your food at a resteraunt.

]]> By: The Man http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-3750 The Man Sun, 29 Apr 2007 14:39:42 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-3750 Z - I'm not sure this qualifies as microlending since an ATM just gives you money you have. Nonetheless, they have already installed at least a few of these devices. Check the link to MSNBC above. It was previously broken, but I found the article and fixed it. John Z – I’m not sure this qualifies as microlending since an ATM just gives you money you have. Nonetheless, they have already installed at least a few of these devices. Check the link to MSNBC above. It was previously broken, but I found the article and fixed it.

John

]]> By: Z http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-3673 Z Sun, 29 Apr 2007 03:51:51 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-3673 Quick Question John, I'm doing a research paper for my marketing class on microlending in India. I am focusing on a hypothetical situation involving Citigroup opening up mircolending options in India. Have they actually started to offer these microlending options? Or Is it something to for in the near future? Thanks. Z Quick Question John,
I’m doing a research paper for my marketing class on microlending in India. I am focusing on a hypothetical situation involving Citigroup opening up mircolending options in India. Have they actually started to offer these microlending options? Or Is it something to for in the near future? Thanks.
Z

]]> By: The Man http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-1858 The Man Wed, 04 Apr 2007 19:38:19 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-1858 Patty, Are you saying that in Corpus Chrisi they are putting fingerprint reading ATMs in? John Patty,

Are you saying that in Corpus Chrisi they are putting fingerprint reading ATMs in?

John

]]> By: Patty Stone http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-1840 Patty Stone Wed, 04 Apr 2007 12:07:52 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-1840 They are going to make money on it, they wouldn't do it, if they weren't. And they are doing that here in Corpus Christi, Texas at one of the banks, so I am sure Texas isn't the first state. They are going to make money on it, they wouldn’t do it, if they weren’t. And they are doing that here in Corpus Christi, Texas at one of the banks, so I am sure Texas isn’t the first state.

]]> By: The Man http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-178 The Man Mon, 18 Dec 2006 17:54:19 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-178 Now, I never said this was a waste of money... in fact, I do see the positives and I think this is GREAT for the people in India. What upsets me is that neither Citi nor any other bank in the US has outfitted their ATMs with biometric readers. Clearly they think that status quo - 20 year old ATM card technology - is good enough. Ironically, at my Bank of America where I have a safe deposit box they use biometric fingerprint technology to allow you entrance into the vault. If they can do it there, why not on the ATM? They've already got my fingerprints... Now, I never said this was a waste of money… in fact, I do see the positives and I think this is GREAT for the people in India.

What upsets me is that neither Citi nor any other bank in the US has outfitted their ATMs with biometric readers. Clearly they think that status quo – 20 year old ATM card technology – is good enough.

Ironically, at my Bank of America where I have a safe deposit box they use biometric fingerprint technology to allow you entrance into the vault. If they can do it there, why not on the ATM? They’ve already got my fingerprints…

]]> By: arunt50 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-177 arunt50 Mon, 18 Dec 2006 08:57:02 +0000 http://onemansblog.com/2006/12/04/citibank-to-install-thumbprint-atms-in-india/#comment-177 We should not criticize such moves as wasting money. Citibank would have thought of this biometric ATMs to the poor because they may have accessing the traditional banking channels.. What is the use of the technology when it can not be put to use to common people? Kudos to people at Citibank India, Ways to go in bringing banking to common people, but a appreciable start! We should not criticize such moves as wasting money. Citibank would have thought of this biometric ATMs to the poor because they may have accessing the traditional banking channels.. What is the use of the technology when it can not be put to use to common people? Kudos to people at Citibank India, Ways to go in bringing banking to common people, but a appreciable start!

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