HalCash North America has launched Pin4, a mobile cardless cash ATM withdrawal solution that provides businesses with a radically better way to engage with their customers through real-time delivery of cash without the need for a debit/credit card or bank account.
Wincor Nixdorf has unwrapped its new automated teller machine (ATM) on the market that enables customers to withdraw cash using a smart phone or a near-field communications (NFC) card. The system’s innovative design is intended to appeal especially to digital natives who have grown up with digital and mobile technologies.
In today’s CardFlash News Que: PARKMOBILE (CEO); THREATMETRIX (Cybercrime); MASTERCARD (Bali); and FIS (Avidia).
Moldova’s Moldindconbank has implemented OpenWay’s have WAY4 Cash By Code technology. The new ATM service allows bank customers to use an ATM to transfer funds from their card accounts to another individual who needs no card to receive the transferred cash at another ATM.
Visa announced the opening of a new technology development center in Bangalore, India, that will play a central role in the company’s efforts to accelerate digital commerce globally.
Beijing-based Bank of Ningbo has gone live with NCR Mobile Cash Withdrawal. The software-based solution allows customers to pre-stage a cash withdrawal using Bank of Ningbo’s mobile banking application and then completes the transaction by scanning a 2D barcode using their mobile phone’s camera.
Austria’s BAWAG PSK has become one of the first banks in Europe to introduce cardless cash withdrawals at ATMs in all its branches. The technology enabling the new service is Wincor Nixdorf’s software platform PC/E with a smart client component that runs on the ATM, and a server component that authorizes the withdrawal via the code.
FIS has opened its fourth payments innovation lab to serve as a hotbed for the continued development of the Company’s disruptive digital and mobile capabilities, as well as shorten time-to-market for new applications.
Next week FIS will become the first provider to offer fingerprint access to its Cardless Cash ATM application when it allows fingerprint authentication. The FIS One-touch CardLess Cash is revolutionary in the U.S. market.
TX-based NUSPAY is introducing a new VAS ” not Value Added Services, rather Virtual Account Solution for cashless, cardless and contactless transactions. The new product will be unveiled on April 1, 2015.
China UnionPay ATMs topped the 600,000 milestone in 2014 and now growing 20.6% per year. CUP added nearly 100,000 ATMs last year. The construction of small outlets such as “community banks” and “financial convenience stores” in China will likely spur the demand for ATMs in 2015.
More Americans are relying less on credit cards since the Great Recession. A new report finds millennials in particular may have a greater aversion to debt, especially credit cards, since they grew up witnessing its effects on the economy.