09 December 2016
Visit aciworldwide.com

Banco Sabadell adds cardless ATM withdrawals to mobile app

20 June 2013  |  13827 views  |  2 ATM

Spain's Banco Sabadell has launched a service that enables customers to withdraw cash from ATMs using their mobile phones.

Users make the request to take out money via the Banco Sabadell mobile app, specifying the amount. They are then sent a code via text message which is entered at the ATM to complete the transaction.

In the UK, RBS and NatWest have introduced a similar service aimed at people who have forgotten or lost their cards, while PKO Bank Polski has also made cardless ATM withdrawals part of its IKO app.

However, in a neat twist, the Banco Sabadell service explicitly promotes the capability for customers to send the code on to the phone of a second person, effectively making it a person-to-person payments system.

Comments: (2)

Dave Barnes
Dave Barnes - . - Edinburgh | 21 June, 2013, 09:36

Good to see the other banks starting to catch up on the mobile phone service that RBS, Natwest and Ulsterbank have enjoyed for several months now.

The service allows users to use their mobile banking app to get a code for any RBS Group ATM, but that code can also be sent by text directly from within the app to a 3rd party, which could be a family member in need of some cash, or someone you wish to pay. (as long as its in multiples of £10 of course...)

It would be great to see all the banks offer their customers this service, and then it would be possible to pick the cash up at any ATM. Possibly something Visa could broker as an international service?

 

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 24 June, 2013, 13:18

There is a difference between these different cardless ATM services. The one from PKO is much more secure, since the app is online and using 2-factor PKI to authenticate.

SMS communication is not safe and can be interferred.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

PKO Bank Polski prepares for mobile revolution

PKO Bank Polski prepares for mobile revolution

08 March 2013  |  10776 views  |  0 comments | 9 tweets | 7 linkedin
Wells Fargo overhauls ATMs for personalised service

Wells Fargo overhauls ATMs for personalised service

19 February 2013  |  9943 views  |  1 comments | 12 tweets | 4 linkedin
Apple files patent application for 'ad-hoc cash dispensing network'

Apple files patent application for 'ad-hoc cash dispensing network'

31 January 2013  |  14447 views  |  13 comments | 34 tweets | 14 linkedin
Turkey's IsBank integrates ATM and mobile for cardless withdrawals

Turkey's IsBank integrates ATM and mobile for cardless withdrawals

22 January 2013  |  9150 views  |  0 comments | 12 tweets | 7 linkedin
RBS adds ATM cash dispensing to mobile banking app

RBS adds ATM cash dispensing to mobile banking app

13 June 2012  |  14927 views  |  7 comments | 1 tweets

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit aciworldwide.comVisit contisgroup.comFind out more

Top topics

Most viewed Most shared
China tops world fintech rankingsChina tops world fintech rankings
8362 views comments | 39 tweets | 31 linkedin
EBA bends under weight of PSD2 mandatesEBA bends under weight of PSD2 mandates
7949 views comments | 36 tweets | 47 linkedin
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
7947 views 12 comments | 15 tweets | 27 linkedin
PSD2 will transform the payments landscapePSD2 will transform the payments landscape
6822 views comments | 23 tweets | 13 linkedin
Fed Governor sounds warning on alternative credit scoring dataFed Governor sounds warning on alternative...
6765 views comments | 20 tweets | 23 linkedin

Featured job

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

Find your next job