16 January 2017
visit http://www.wolterskluwerfs.com

Wincor Nixdorf enables ATM cash withdrawal with smartphones

28 February 2013  |  2610 views  |  0 Source: Wincor Nixdorf

Smartphone instead of bank card: A new solution is available that will enable bank customers to withdraw cash from automated teller machines in the future by using a smartphone instead of a bank card.

To implement this, Wincor Nixdorf has enhanced the PC/E Mobile Cash app that it presented for Android and iOS in October 2012. This app handles cash dispensing reliably and fast. For the iPhone, Wincor Nixdorf is the first vendor of ATMs to integrate this service in Apple Passbook using Apple passes. For Android users, a comparable function has been integrated directly in the Wincor Nixdorf app.

Bank customers use the app on the smartphone to prepare their withdrawal quickly and conveniently. As confirmation they receive a QR code for the transaction. If needed, the app will also show the way to the nearest ATM that supports Mobile Cash. Similarly, interaction with the ATM for a cash withdrawal couldn't be easier. Bank customers simply select the Mobile Cash function and then control the rest of the previously prepared transaction from their smartphone. The QR code, which is stored either in Apple Passbook or Wincor Nixdorf's PC/E Mobile Cash app, is read in at the ATM, replacing authentication via bank card. A transaction PIN can also be entered as an additional security feature.

As far as the bank is concerned, only a few extensions are needed. Depending on the current configuration, it may be necessary to add a barcode scanner to the ATMs to read the QR code. In addition, client software must be installed on the machines to support this function. PC/E Transaction Safe, a server component that is easy to integrate in existing software environments, handles communication with the bank's background systems.

"Consumers are increasingly demanding innovative end user concepts - not just in payment processes with mobile wallets. Smartphones will also play a key role in interaction with cash machines in the future," says Stefan Wahle, Vice President of Software Solutions at Wincor Nixdorf.

The new solution concept is available worldwide with immediate effect for piloting by financial institutions. If required, NFC can also be supported instead of the barcode in the Android app. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit contisgroup.com

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
14206 views comments | 50 tweets | 45 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
10218 views comments | 33 tweets | 27 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
8220 views comments | 29 tweets | 42 linkedin
Belgium builds fintech bridge to LondonBelgium builds fintech bridge to London
6945 views comments | 25 tweets | 6 linkedin
ECB consults on development of pan-EU settlement service for instant paymentsECB consults on development of pan-EU sett...
6863 views comments | 16 tweets | 39 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job