Researchers at a Chinese university revealed an ATM with inbuilt facial recognition on Friday, saying it will help banks cut down on fraud.Developed by Tsinghua University and Hangzhou-based firm Tzekwan technology, the ATM uses camera that captures the facial images and compares them ID photos stored on the card.Tzekwan chairman Gu Zikun, an anti-counterfeit technology expert, told the South China Morning Post that the product had passed the authorities certification and would soon be available on the market.The newspaper added that the facial recognition measure will be an added layer of identification on top of the traditional password or PIN required to access funds with a card. The ATM will also be linked to banks and local police offices to further bolster security.Developed wholly in China, the ATM also reportedly identifies and verifies multiple currencies 20 percent more accurately than the world's average ATM.Last December, Planet Biometrics reported on plans by Baltimore's Securityplus Federal Credit Union to trial an ATM that authenticates users for transactions using facial recognition technology.