A new mobile-based ATM from Diebold Inc. enables consumers to complete self-service transactions and make retail purchases without using physical debit or credit cards, the company said in release.
A new mobile-based ATM from Diebold Inc. enables consumers to complete self-service transactions and make retail purchases without using physical debit or credit cards, the company said in release.
Diebold Federal Credit Union is piloting the world’s first ATM without a card reader or PIN pad that relies solely on mobile authentication.
When a consumer scans a QR code at the ATM using a smartphone, the ATM authenticates the user via cloud-hosted services to enable secure, cardless transactions.
With no card or PIN required, the solution eliminates the threats of card skimming and shoulder surfing at the ATM.
Diebold and white-label mobile-wallet provider Paydiant developed the cross-channel solutions and hold complementary patents on the technologies, the statement said.
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