December 14, 2014

Huawei To Manufacture Revolutionary Next Generation ATM Machines for Austrian Banks

Chinese technology giant Huawei has signed a deal to provide Austrian banks with state-of-the-art Virtual Teller Machines (VTM).

These next-generation ATM machines provides video-phone options between banking staff and customers and has the ability to scan document and fingerprints. It can even print out new ATM cards for customers.
These new features are incorporated in part to overcome the early closing hours of banks and because the increasing popularity of online and phone banking options has led to the actual closure of several physical bank branches, especially in smaller towns.

This VTM technology will allow for such services previously only available in physical bank branches to continue to be available after bank closing hours.

These kinds of machines are already widely used in countries such as Germany, Poland and the Czech Republic.