A recent announcement has one of our large banks proposing to spend over a billion dollars on new technology including the use of biometrics such as fingerprints, iris scans and face recognition on ATM’s to heighten security and ease their use.

Fi Poole of Radio ABC Mid North Coast NSW and I chatted about what the Future of Banking and money might be, how else we might live in a less cash society and given that we will increasingly be using less cash and paying for more things with our mobile phones we pondered the question “Are ATM’s yesterday’s future”?

Listen to this segment now: