MySafe wants to be what ATM has done to cash withdrawal

Gulf News

MySafe wants to be what ATM has done to cash withdrawal. Unlike traditional vaults, these lockers can be accessed any time of the day.  Read the full Gulf News article: http://gulfnews.com/business/sectors/technology/mysafe-wants-to-be-what-atm-has-done-to-cash-withdrawal-1.2170686  See more at: http://gulfnews.com/videos

Transcript

00:00So, all the security features associated with the issuance of that bank card, that's what's

00:09in place and we simply register that card to the safe.

00:13This is a simple privacy pod, swipe card access, enter the pod, and this is really what you're

00:23looking at.

00:24This is the working environment here.

00:26And in order to operate the safe, it works exactly like an ATM, and you'll realize you

00:33can't insert the card until you've closed the door.

00:36And once you've closed the door, that little reader that I just showed you automatically

00:41blocks out anybody else, so nobody else can come and use the safe once you're in here.

00:46So if you'd like to come and we close the door, and I can show you how the system operates.

00:51So again, like the ATM, I insert my card and I remove, I put in my four-digit PIN code,

01:02the machine asks me if I place my thumb on the reader, and now what's happening is that

01:08inside the safe, the mini robot is running around to find my box, and my box will be

01:17delivered directly to this terminal you see here in front of you.

01:21So you never take the box out, you never go anywhere with it, you conduct all your business

01:27here at the terminal.

01:28And depending on which box it is, it takes something like 30 to 40 seconds to actually

01:33deliver your box.

01:35We're doing this real time and you can see how quickly the box arrives.

01:38So now my box is here, I use my individual personal key to open the box.

01:47Each box comes with the two keys empty on arrival, so in order to get the key in the

01:53first place, you must go through the process of registering, you must go through the process

01:57of using your bank card, selecting your four-digit PIN, registering your thumbprint on the machine,

02:03and then when the box is delivered, only then do you get access to your two keys.

02:07You open the box, you can see it's larger than an A4, it takes 15 kilos in weight, it's

02:154.6 centimeters in depth, so it's a personal safety deposit box.

02:21And in that box you'll fit your wallet, your phone, hard disk drive, flash disk drives,

02:27your watch, a bracelet, rings, jewelry, all of those things, or any combination thereof

02:32will fit in the box.

02:34You'll also fit documents, A4 size, file folders, but it is a personal box.

02:41And you conduct all your business here at the privacy pod, and when you're done, when

02:45you're finished, you simply close the lid, turn the key, make sure it's closed, and then

02:52on the reader, you're invited to deposit.

02:55And you'll see here, the cover's closed, and now my box has been swept back up into the

03:01safe and I may exit the machine.

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