NORTH CANTON, Ohio and WELLESLEY, Mass. (7/19/13)--Diebold has partnered with mobile wallet provider Paydiant to offer a solution that allows consumers to withdraw cash from ATMs using their smartphones.
Diebold, a self-service solutions and ATM manufacturer, is a CUNA Strategic Services provider.
The Diebold and Paydiant Mobile Cash Access allows credit unions and banks to provide a secure, branded mobile wallet solution without installing additional hardware on ATMs or point-of-sale terminals, Diebold said.
At the ATM, consumers authenticate themselves by scanning a unique quick-response code that prompts the ATM to dispense cash via an encrypted connection to the cloud.
The ability to conduct transactions with a mobile device at an ATM provides the foundation for financial institutions to offer a mobile wallet solution that also can be used at retail establishments for everyday purchases, Diebold said.