Citigroup Plans Thumbprint ATMs For India's Poor

Posted by kdawson on Saturday December 2, 2006 @10:16AM from the beware-of-gummi-bears dept.

Brad Lucier points out a Financial Times report (carried by MSN Money) that Citigroup is rolling out a network of biometric ATMs aimed at illiterate Indian slum dwellers. From the article: "The machines will recognize account holders' thumbprints, eliminating the need for a personal identification number, and will have color-coded screen instructions and voiceovers to help guide them through transactions... Though India's population exceeds 1 billion, Citigroup estimates that there are only about 300 million bank accounts in the country... 'It's not a philanthropic exercise,' [PS Jayakumar, a Citigroup business manager in India] said. 'For it to be sustainable, we should break even and make a little bit of money.'"

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Re:Hm by sillybilly · 2006-12-02 13:55 · Score: 0, Offtopic

The links are specially crafted by google to point to digg.com, a new slashdot contender, that points to a lot of videos. Videos/Flash are the ticket to undermining free and open webstandards, that's why they are so heavily pushed, but it'd be hard to and too obvious to push them on slashdot, because everyone would moan too hard here. Why can't there be free video standards everyone adheres to.. well, cuz...