The New Sberbank ATM is Designed to Combat Consumer Credit Fraud

 - Nov 1, 2011
References: & springwise
One can only wonder how long until U.S. banks copy the design of the new Sberbank ATM. Sberbank is a Russian bank that has been testing ATM machines designed to tell whether or not a person is lying.

The new Sberbank ATM machines were developed in partnership with the Speech Technology Center -- a Russian company that has works with the Russian Federal Security Service among other high-profile clientele. The new ATMs are designed to process on-the-spot credit card applications and have been designed to tell whether or not a person is lying when asked questions such as "Are you employed?" and "Do you have any outstanding loans?" The ATM can also scan the applicant's passport and collect fingerprint data. All the data input is stored on the applicant's card's chip.

The new Sberbank ATM machines may seem too groundbreaking to be real, but the bank is already planning on deploying them throughout Europe sometime soon. Could a North American release come next?