26 February 2018
visit www.nextgenbanking.co.uk/

Diebold FCU pilots mobile-only, cardless ATM

24 March 2014  |  4637 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)

Finextra news in your inbox

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

Related stories

BBVA taps Wincor Nixdorf for next-generation ATMs

BBVA taps Wincor Nixdorf for next-generation ATMs

15 January 2014  |  5608 views  |  0 comments | 6 tweets | 4 linkedin
FNB targets rural customers with cashless ATM

FNB targets rural customers with cashless ATM

30 August 2013  |  9319 views  |  0 comments | 6 tweets | 9 linkedin
Banco Sabadell adds cardless ATM withdrawals to mobile app

Banco Sabadell adds cardless ATM withdrawals to mobile app

20 June 2013  |  14906 views  |  2 comments | 21 tweets | 15 linkedin
Diebold takes its cue from smartphones and tablets for next gen ATMs

Diebold takes its cue from smartphones and tablets for next gen ATMs

09 January 2013  |  11040 views  |  3 comments | 20 tweets | 12 linkedin
RBS adds ATM cash dispensing to mobile banking app

RBS adds ATM cash dispensing to mobile banking app

13 June 2012  |  15707 views  |  7 comments | 1 tweets
NCR ATM software ditches cards and PINs for mobiles and barcodes

NCR ATM software ditches cards and PINs for mobiles and barcodes

11 June 2012  |  13914 views  |  4 comments | 3 linkedin
Ogaki Kyoritsu Bank ditches cards for biometrics at ATMs

Ogaki Kyoritsu Bank ditches cards for biometrics at ATMs

12 April 2012  |  14223 views  |  2 comments
Ukash and Bank Machine team on cardless ATM withdrawals

Ukash and Bank Machine team on cardless ATM withdrawals

02 March 2012  |  11956 views  |  2 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit http://info.nice.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12852 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10961 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9528 views comments | 15 tweets | 27 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8880 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8812 views comments | 11 tweets | 14 linkedin

Featured job

Find your next job