Given the financial situations in Greece, Spain, and Portugal in recent weeks, the Euro Zone has plenty of reason to be down on itself. But Poland is showing a bit of financial-sector flash this week, becoming the first nation in Europe to install biometric ATM machines that read fingerprints rather than magnetic cards.
Only one biometric machine is currently operating in Poland, though BPS plans to deploy three or four more of the ATMs in Warsaw before year's end. About 200 more will end up in more than 350 bank branches there in coming years.
Though the Japanese have been using the technology for a little while now, this marks the first major commitment to institute biometric security standards by a large Western bank, as well as the first indicator that such technology may soon wash up on American shores.