29 July 2014

Diebold FCU pilots mobile-only, cardless ATM

24 March 2014  |  2611 views  |  0 Diebold cardless ATM

Diebold Federal Credit Union is piloting an ATM without a card reader or PIN pad that relies solely on mobile authentication

When a consumer scans a QR code at the ATM - developed by manufacturer Diebold - the touch-screen machine authenticates the user via cloud-hosted services to enable the cardless transaction. Consumers can also pre-stage cash withdrawals on their smartphone through a bank-branded mobile app supplied by Paydiant.

Frank Natoli Jr., chief innovation officer, Diebold, says the firm studied the digital and social habits of today's younger generation to develop the machine.

"The research led us to choose mobile devices for both the user interface and the authentication vehicle to ensure seamless connectivity between devices," he says. "Adding mobile wallet capabilities further capitalizes on the mobile mentality of Millennials."

Wintrust Financial Corporation and City National Bank are also piloting the 'Mobile Cash Access' machine in partnership with FIS, Paydiant and Diebold.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

15 January, 2014
30 August, 2013
20 June, 2013
09 January, 2013
13 June, 2012
11 June, 2012
12 April, 2012
02 March, 2012

Related company news

 

Featured job

to $120k base, $250k OTE, full benefits
Boston, MA (USA)

Find your next job