Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Diebold ties cardless ATM to mobile abilities
NORTH CANTON, Ohio (3/21/14)--The ATM removed the teller from the transaction. Diebold has now removed the plastic card.

Diebold, a CUNA Strategic Services alliance provider, just unveiled the world's first ATM-sans-card reader and PIN pad, a machine that relies entirely on mobile authentication.

To access the machine, a user scans a unique QR code with their smart device and then the ATM authenticates it with cloud-hosted services, which provides for secure and cardless transactions.

This cardless transaction eliminates card-skimming or shoulder surfing, two common crimes that occur at ATMs.

A mobile cash access solution also has been added, allowing consumers to pre-stage cash withdrawals on their smart devices where users can pre-select the amount of cash they'd like to withdraw from the ATM.

Diebold and white-label mobile wallet provider Paydiant developed the cross-channel solutions and each hold complementary patents on the technologies.

To cater this service to Millennials, Diebold configured the interface with flick and drag actions. The ATM is also paperless and delivers receipts directly to mobile devices.

"To develop the Millennial-inspired ATM, we studied the digital and social habits of today's younger generation," said Frank Natoli Jr., Diebold chief innovation officer. "The research led us to choose mobile devices for both the user interface and the authentication vehicle to ensure seamless connectivity between devices. Adding mobile wallet capabilities further capitalizes on the mobile mentality of Millennials. Together, the technologies provide a glimpse of the future of self-service banking for today's connected consumers."
RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
17 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
17 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
20 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI.
20 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
22 hours ago