Japan to debut ‘first of its mind’ contactless facial recognition at 20,000 ATM services at 7-11’s

“Japan’s Seven Bank will allow customers to deposit and withdraw cash using facial recognition at around 20,000 ATMs nationwide as early as March 2024, President Masaaki Matsuhashi has told Nikkei. ‘We want our ATMs to be used not just for deposits and withdrawals, but as a terminal for a wide variety of services,’ To activate facial recognition, customers will link their account information to their faces at a Seven Bank ATM. Those customers then receive a unique ID, required in subsequent transactions as an added security measure. They no longer will have to present their cash card to the machines. Clearly this move from Seven Bank is another forerunner for the mark of the beast, and, like the president explained, they have plans to license this to many other businesses as well.”


Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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