CTBC Bank (中國信託銀行) yesterday said it plans to install at least five smart automated teller machines (ATMs) in the nation before the end of this year, after introducing a prototype equipped with facial recognition technology last year.
The new ATMs would be smarter than the bank’s current 5,900 machines, as they would be able to detect whether a user is engaged in suspicious activity or is being manipulated by scammers, CTBC retail banking department executive vice president Amy Yang (楊淑惠) told a news conference in Taipei.
The machines would automatically stop operating if a user is wearing a mask or helmet — two items that are commonly used by money mules, the bank said.
Photo: Lee Ching-hui, Taipei Times
Regular customers who wear masks or helmets should remove them before using the ATMs, it said.
Users who are talking on the phone while using the ATM would be considered a potential scam victim, Yang said.
The machine would issue warnings on the screen asking users if they are being given specific instructions by strangers, she said.
If the user says there is no problem about the phone call, they would be able to continue using the machine, she added.
CTBC said it plans to introduce in July one smart ATM at an unstaffed 7-Eleven store run by President Chain Store Corp (統一超商) in Taipei and another one at the bank’s flagship branch in the city, with the other three to be installed by the end of this year, Yang said.
The bank last year said that it was collaborating with the National Police Agency to stop crimes, such as notifying police when ATMs detect users who resemble criminal suspects.
However, it has halted the cooperation as some bank managers were worried that it might inconvenience innocent users, she said.
“The cooperation might be resumed if the [new ATMs] facial recognition feature proves to be reliable after a trial period,” Yang said.
The lender plans to open two new branches in Taiwan, CTBC Bank president James Chen (陳佳文) said.
Although many banks have closed some branches due to the development of financial technology, CTBC thinks that digital services cannot replace physical outlets, Chen said.
INFRINGEMENT: The investigation comes after a complaint from Vicor Corp, with the company seeking a limited exclusion order as well as cease-and-desist orders, the ITA said The US International Trade Commission (USITC) has launched a Section 337 investigation naming Taiwanese technology companies, including Hon Hai Precision Industry Co (鴻海), Delta Electronics Inc (台達電) and Quanta Computer Inc (廣達), as respondents. The Ministry of Economic Affairs (MOEA) pledged assistance if needed. The USITC said on Friday in a statement that it had voted to institute an investigation under Section 337 of the US Tariff Act of 1930 into certain vertical power delivery systems, related components and computing devices incorporating such systems. The investigation covers 20 companies from Taiwan, China, Germany and the US, the commission said, adding that it
INDUSTRY STANDARD: Most global semiconductor companies have tied employee bonuses directly to corporate profits, the union said, urging Micron to do the same Micron Memory Taiwan Co’s (台灣美光) Taoyuan union secured strike authorization yesterday after a six-day vote, ramping up pressure on management to build a reasonable profit-sharing mechanism. Before the strike, the Taoyuan union “encourages” members to join a protest in Taipei on Oct. 19, union chairman Jerry Lin (林哲瑞) told a news conference in Taipei. The union did not rule out staging a snap strike, Lin said. The union has 2,258 registered members, with 88.3 percent backing the strike, he said. The vote comes as Micron’s board of directors is meeting today and tomorrow in the US. The union expects the board to respond
Elon Musk said his business empire would build and operate Terafab independently, quashing speculation about industry leader Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) swooping in to run his ambitious chipmaking venture. Based in Texas, the Terafab project is Musk’s effort to break into the business of fabricating chips, in service of his companies Tesla Inc and SpaceXAI. While Musk had said that he was in discussions with TSMC, the trillionaire clarified in an X post yesterday that the only matter under consideration is for TSMC potentially leasing some part of the planned site and would not involve any operational role. “Maybe TSMC
PACKAGING PUSH: The chipmaker said that it would begin ramping up silicon interposer production in New York in the first half of 2028 to support AI systems GlobalFoundries Inc shares gained as much as 7 percent after the chip manufacturer announced a five-year, US$2 billion deal to provide US production capacity to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電). Under the agreement, announced on Thursday, GlobalFoundries is to help supply components known as silicon interposers. The US company is to rely on manufacturing at its facility in Malta, New York, and said it has the option to expand capacity “as customer demand grows.” An interposer is a small layer of silicon that sits between a chip and its packaging. It is home to the wires that carry electronic signals and