Pin4, the first open cardless cash network in the U.S., has launched its first phase of its nationwide rollout, bringing consumers in New York City, Miami, Chicago and Los Angeles cardless access to cash at Pin4-enabled ATMs.
Pin4 will continue expansion throughout the year and will have full nationwide access in fourth quarter 2016.
In partnership with Payment Alliance International (PAI), one of the largest independent ATM deployers in the U.S., Pin4 is pioneering cardless cash withdrawals by powering next-generation solutions that push the boundaries of cardless cash, offering P2P transfers, promotions and rewards fulfillment and other cash disbursements, without the need for an ATM card or a bank account.
Pin4’s open network offers a simple and effective API that enables promotions companies, remittance companies, financial institutions and other businesses to deliver real-time, mobile cardless cash to their customers.
Mobile, cardless cash withdrawals are a new and innovative method for offering immediate access to cash-in-hand without the need of a debit or credit card or bank account. Pin4 offers the highest level of security through patented dual-pin authentication. To withdraw cash, Pin4 sends a text to the money recipient’s phone revealing a secure pin, which they enter along with a code the sender has provided. In minutes, the recipient is able to pick up their cash at a Pin4 – enabled ATM at their convenience. The recipient can also find the nearest enabled ATM using the Pin4 app on their phone.
Launched in October 2015, Pin4™ is the first independent cardless cash network in the U.S. The solution, powered by HalCash North America, provides real-time delivery of cash to consumers at enabled ATMs without the need for a debit/credit card or bank account. Pin4 provides ATM owners with new revenue streams and is enabling the next generation of solutions for consumer promotions and rewards as well as P2P transfers. Beginning in April, 2016, consumers can access money through the Pin4 network of ATMs in New York City, Miami, Chicago and Los Angeles with nationwide access available in the fourth quarter of 2016.
About Payment Alliance International
Payment Alliance International (PAI) is one of the nation’s largest deployers of ATMs, provides ATM processing and maintenance services, ATM equipment sales and support, and ATM branding programs. PAI also offers comprehensive payment and small business solutions including credit, debit and prepaid card acceptance services in retail locations, online or on-the-go using mobile devices…all designed to maximize customer success and make business easy. Payment Alliance International is based in Louisville, KY.
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