19 April 2015

Diebold FCU pilots mobile-only, cardless ATM

24 March 2014  |  3199 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

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

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

 

Top topics

Most viewed Most shared
UK banks covering up cybercrime losses - C...
6738 views 13 comments | 26 tweets | 13 linkedin
BBVA buys UX firm Spring Studio
6519 views comments | 32 tweets | 17 linkedin
Card is king as cash usage continues to fa...
6148 views comments | 22 tweets | 14 linkedin
Digital and core renewal to drive bank IT...
4833 views comments | 32 tweets | 25 linkedin
World Bank reports big drop in numbers of...
4777 views 10 comments | 36 tweets | 14 linkedin

Featured job

up to £100K base, £200K OTE, benefits
London, UK

Find your next job