FIS (NYSE: FIS), a global leader in financial services technology, and Cardtronics (Nasdaq: CATM), the world’s largest ATM owner/operator, today announced plans to integrate FIS Cardless Cash access across Cardtronics’ ATM fleet in the United States.
FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from ATMs without having to use a plastic card. A planned 24-month rollout of FIS Cardless Cash functionality at Cardtronics ATMs will debut cardless cash access at some of the largest retailers in the United States, as well as enable financial institutions to offer in-network use of cardless cash functionality at both branch and retail ATMs.
“Cardtronics, as the global leader in ATM and surcharge-free solutions for retailers and financial institutions, is uniquely positioned to dramatically expand the use of cardless cash access at ATMs in the United States,” said Brad Nolan, EVP and managing director, Global Product and Marketing, Cardtronics. “Enabling cardless cash access at our ATMs is just one more way Cardtronics can help banks transitioning to more digitally focused, self-service strategies.”
“FIS Cardless Cash already has created the industry’s largest cardless ecosystem, providing convenience to U.S. customers and a better security model for financial institutions,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS. “This partnership with Cardtronics exponentially grows that ecosystem, further facilitating customer adoption and increasing the efficiency, convenience and security of ATM transactions.”
“Our goal is to make mobile-centric access to cash a ubiquitous experience,” said Douglas Brown, SVP and GM of FIS Mobile. “This partnership with Cardtronics makes access to Cardless Cash even easier, no matter where users go.”
FIS Cardless Cash protects consumers by reducing risk of card skimming and shoulder surfing. By leveraging FIS Mobile Banking with TouchID, customers can securely access their funds and authorize the amount they want without inserting a plastic card into an ATM. The FIS mobile banking app acts as a remote control for the ATM, providing unrivaled privacy and security for consumers. Customers using FIS Cardless Cash can complete their withdrawals in 10 seconds and get an electronic receipt on their smartphone.
An interoperable platform for banks, ATM operators and networks, FIS Cardless Cash provides consumers with access to their money anywhere they want it. Launched in January 2015, the platform is used by more than 30 banks in the United States, and the FIS NYCE network has processed millions of dollars in cardless ATM transactions.
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