Diebold Nixdorf is teaming up with FinTech startup Air Bank in the Czech Republic.
According to a report, Diebold Nixdorf is partnering with Air Bank because it has been able to innovate and enhance the consumer experience with the CS 2020 cash dispenser, software and services. The cash dispensers include advanced software-enabled digital functions such as being able to authenticate and transact without the need for a card reader or PIN pad. Air Bank is currently piloting the new contactless machines. For user authentication with the machines, users can tap an NFC card or a sticker that can placed on a smartphone to the reader and enter the PIN on a touchscreen that is encrypted. Diebold Nixdorf said the contactless reader and an encrypted touchscreen for PIN entry eliminates the risks of card trapping and skimming attacks.
“With the CS 2020, we as a technology innovation leader created a system that merges today’s needs with tomorrow’s vision for cash access for all users. And we are offering the familiarity, security and functionality consumers expect across retail banking omnichannel environments,” said Dr. Ulrich Näher, senior vice president of systems at Diebold Nixdorf. “As an integral technology partner, we look forward to working with Air Bank to support its successful connected commerce offering."
Diebold Nixdorf configured and deployed the system for Air Bank within less than six months, marking the first time for the combined company. "Simplicity is one of the key values of our bank," Jaromir Vostry, product manager for cards at Air Bank, said in the report. "With enhanced functions, the new contactless ATMs enable customers to withdraw cash as easily, comfortably and securely as they are used when making contactless payments in shops and other places."