Robocoin Selects Fujitsu’s PalmSecure Biometrics Technology for All Bitcoin Kiosks to Help Ensure Highest Level of Account Security
Global leader in virtual currency and cash handling integrates PalmSecure technology to strengthen authentication in worldwide network of kiosks.
Robocoin CEO, Jordan Kelley, to deliver Keynote at ATM & Mobile Summit on September 11, 2014, in Washington, DC
Fujitsu Frontech North America Inc., a leader in innovative technology and front-end solutions, announced today that Robocoin, a global leader in Bitcoin currency and cash dispensing, has chosen Fujitsu’s PalmSecure® biometrics technology for use on all Robocoin kiosks worldwide. Robocoin and their customers will be using PalmSecure technology to positively authenticate customers on their entire global network of Robocoin ATMs.
Robocoin, the first company to deploy bitcoin kiosks, offers customers unparalleled access to their bitcoin accounts and cash in-branch locations and self-service kiosks located throughout the world. Creating an account only takes a few minutes and globally grants the account holder instant access to every branch and kiosk. Bitcoin account holders can enjoy the benefits of having safe and secure access, 24/7 using Fujitsu’s PalmSecure technology. The kiosks require three factors of authentication --- phone, PIN and palm vein --- to secure customer accounts against theft and fraud.
“We thoroughly researched other forms of authentication, including other biometric technologies, but determined that Fujitsu’s PalmSecure technology met our requirements for 100% successful enrollment and speed of authentication at point-of-service,” says Jordan Kelley, CEO, Robocoin. “PalmSecure technology for authentication also projects and is consistent with the image we want to project as an innovative company providing world-class services to our account holders.”
Robocoin’s CEO, Jordan Kelley, will be providing a keynote address at the upcoming ATM & Mobile Summit, Thursday, September 11, 2014 8:40 am – 9:45 am at the Capital Hilton Hotel, Washington, DC. The title of the keynote is: “Where are we going with the convergence of virtual currency, ATMs and Mobile Payments?”
PalmSecure technology relies on Fujitsu’s award-winning PalmSecure biometric technology. The Fujitsu PalmSecure biometric palm vein sensors use a near-infrared light to capture a user’s palm vein pattern, generating a unique biometric template that is matched against the palm vein patterns of pre-registered users. Unlike other readers, the PalmSecure device does not come into contact with the skin, making it extremely hygienic, non-intrusive and unrestricted by external factors such as skin types and conditions. Registration for PalmSecure users takes less than one minute and authentication takes less than one second.
“We are very excited that a cutting-edge company like Robocoin in the burgeoning bitcoin space would select Fujitsu’s PalmSecure biometrics technology for positive authentication of their account holders,” according to Randy Fox, vice president, currency handling and identification product solutions, Fujitsu Frontech North America Inc. “Fujitsu has a long and proven history of providing unique and innovative services and solutions to the financial industry throughout the world, including North America. Since 1983 in the United States, Fujitsu has provided ATMs and more recently industry-leading OEM bill dispensers and recyclers with the high reliability required for integration into ATMs and other cash handling devices.”
Fujitsu’s family of biometric solutions, PalmSecure sensors, PalmSecure for SSO (single sign-on) and the PalmEntry™ Physical Access Control system all utilize the award-winning technology. The palm vein device can only recognize the pattern if the blood is actively flowing within the individual’s veins, so forgery is virtually impossible. This advanced, vascular pattern recognition technology not only provides highly reliable authentication with low false accept and reject rates, but also allows for fast and easy enrollment.
About Fujitsu Frontech North America Inc.
Fujitsu Frontech North America Inc. brings innovative technology from Japan and, with its partners, develops powerful front-end solutions that shape how society interacts with big data. Fujitsu Frontech North America Inc. is headquartered with operations and solution development at 27121 Towne Centre Drive #100, Foothill Ranch, CA 92610, USA.
For more information about Fujitsu products and services, call us at 800-626-4686 or visit us at: http://www.fujitsufrontechna.com/
About Robocoin
After launching the world’s first Bitcoin ATM in October 2013, Robocoin has continued making international headlines for being the first Bitcoin ATM to launch in the United States, expanding intercontinentally, presenting for the U.S. Congress, and integrating features that target global banking and remittance markets (store, deposit, withdraw, and send bitcoins worldwide to any phone #, email address, or bitcoin address). Robocoin now has the largest Bitcoin ATM network in the world and spans North America, Asia, Europe and Australia. With a combination of patent pending hardware, software, and reporting tools, Robocoin has emerged as Bitcoin's leader in Anti-Money Laundering and Consumer Protection. Security features include Phone #, PIN #, and palm-vein validation, which secure customer accounts against theft and fraud. The advanced security features are compliant with the strictest anti-money laundering regulations. Info is encrypted when collected, transmitted, and stored and never gets shared with 3rd parties and never gets stored on the machines.
For more information about Robocoin visit us at: https://roboco.in/
Copyright 2014 Fujitsu Frontech North America Inc. All rights reserved. Fujitsu and the Fujitsu logo are registered trademarks. All other trademarks are the property of their respective owners. Statements herein are based on normal operating conditions and are not intended to create any implied warranty of merchantability or fitness for a particular purpose. Fujitsu Frontech North America Inc. reserves the right to modify at any time without notice these statements, our services, products, and their warranty and performance specifications.
Related News
Robocoin, a Bitcoin based company in Las Vegas, Nevada, has announced that they will be launching a new project called Robocoin Bank. The new project will take all existing Robocoin ATMs and turn them into banking branches. Through software updates, they plan to add features that allow users to bank using Bitcoin. Robocoin is offering the chance to start your own branch of Robocoin Bank by purchasing and operating one of these Robocoin Kiosks. Robocoin Banking functionality should be fully online starting summer of 2014. The new features will allow users to open a Robocoin Bank account in....
Robocoin is bringing kiosks to your local area, enabling the general population to transfer wealth into and out of virtual wealth. The early adopters of Bitcoin have gained access to the advantages of this new technology through brokers and peer to peer interactions. This access has been, up until now, offered to the most ambitious souls that are willing to find and use the existing infrastructure. These companies have done a stellar job offering their services, even with the regulatory environment still catching up to this new technology. Enter Robocoin into the marketplace. The Robocoin....
Today, Robocoin has announced open enrollment for their Robocoin Wallet, which is needed to use the "Robocoin Bank." Robocoin has taken the first step to moving away from being just a Bitcoin ATM company to becoming a full-fledged "Bitcoin Bank." The Robocoin Banking platform, which utilizes all existing Robocoin ATMs as automated kiosks, will provide banking services to customers around the world in the form of a new Bitcoin wallet: The Robocoin Wallet. Robocoin first revealed plans to change their ATMs into a more functional global network to support Bitcoin earlier this year. Those that....
Robocoin has developed a new ATM system that enables cash to be sent to another account or ATM without the high-cost that remittances usually carry. Bitcoin is up until now the best way to avoid the high cost of remittances and now Robocoin streamlined this process even further. Romit is Robocoin's new product and the developers have enabled a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. Robocoin CEO Jordan Kelley, says: "Romit enables unprecedented low-cost global money transfers by leveraging Bitcoin's....
Robocoin's Sam Glaser Addresses Concerns About Robocoin ATMs. Recently I was contacted by a disappointed Robocoin ATM user. His experience with the ATM was not good: He felt the fee's were too high. I and others had voiced concerns over security and ease of use as well. In response, Sam Glaser of Robocoin contacted me after reading my article and has answered some questions for me. He let me know his concern about the misconceptions surrounding how and why the Robocoin ATM needs the info and security measures it does. Sam addresses the fee structure as well. With Robocoin ATMs being....