Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Diebold rolls out cardless ATM
NORTH CANTON, Ohio (1/9/13)--Diebold has integrated the ATM with mobile devices through "the cloud," allowing consumers to complete secure, cardless transactions.

Diebold is a CUNA Strategic Services provider.

The new ATM also allows for "touch gestures," such as flick and drag, commonly used with smartphones and tablet devices.

Diebold said it designed the ATM to look and act like a mobile device. The ATM also is paperless, delivering transaction receipts via text message or e-mail, based on user preferences.

To complete a cardless withdrawal, card holders scan the ATM's quick response code using their smartphones. When the devices sync through the cloud, a transaction screen appears on the smartphone and the card holder selects the withdrawal amount. The cloud server then sends to the smartphone a one-time code, which the consumer enters on the ATM screen to authenticate the transaction and receive cash.

.

Because the ATM uses cloud-based services, it does not require computers, which means it requires significantly less power than traditional machines, Diebold said. The paperless environment also saves money on raw materials. With less hardware to maintain and no dispensable paper to replenish, financial institutions may realize greater uptime for ATMs, Diebold said.

Diebold plans to pilot the new ATM later this year.
RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
12 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
13 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
14 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
14 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
15 hours ago