Ukash provides ATM cash redemption service for virtual voucher codes
24 July 2013 | 11960 views | 0
Consumers can now convert Ukash codes into cash at Bank Machine ATMs across the UK without the need for a debit or credit card.
Ukash enables consumers to spend cash securely online, removing the need to reveal personal financial information. Ukash codes are purchased with cash in retail outlets such as shops and petrol stations. The unique 19 digit codes can then be used to pay for goods and services at participating online merchant sites.
Established in 2001, Ukash has grown to more than 465,000 physical points of purchase, including 50,000 in the UK, and is available in more than 57 countries around the world.
Under the deal with Bank Machine, Ukash's virtual vouchers can now be converted back into cash at any of the independent ATM operator's 3000 machines across the UK.
The scheme is intended to bring added flexibility to Ukash users, says David Hunter, CEO, with the Bank Machine ATMs providing full refunds on unspent voucher codes, change on partially-spent coupons and winnings credited from online gaming and gambling.
"The partnership between Ukash and Bank Machine, the longest-established independent ATM operator in the UK, will make Bank Machine the first non-bank operator to offer cardless cash withdrawals at ATMs," he says. "We have made significant investment in the development of Ukash cash withdrawals. We believe it's a pioneering step for consumers and e-tailers alike."