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
Large CU stress testing on the agenda for the April @theNCUA open meeting http://t.co/2TUcnmCmPi
1 Day ago
#FinancialLiteracyMonth Test your college financial aid knowledge @nasfaa http://t.co/xgrDmHaw8W
5 hours ago
Join @theNCUA #NCUAchat with @KenWortheyJr on April 23 from 11am to 12pm EST http://t.co/TnNmfFh4Nl #FinancialLiteracyMonth
7 hours ago
Maine's patent troll bill has become law. Read more in Monday in @NewsNowLiveWire
10 hours ago
Wash. DFI discusses serving legal marijuana businesses with @NWCUA http://t.co/3kw79HJUYF
10 hours ago