NORTH CANTON, Ohio Diebold announced this morning it has partnered with mobile wallet provider Paydient to enable consumers to withdraw cash from ATMs using their smartphones.
The Diebold and Paydiant Mobile Cash Access offering allows credit unions and banks to provide a secure, branded mobile wallet solution without installing additional hardware on ATMs or point-of-sale (POS) terminals.
It also eliminates the threat of card skimming at the ATM.
The cardless MCA solution allows consumers to pre-stage cash withdrawals on smartphone devices creating a cooperative interaction with the ATM, a feature Diebold highlighted in a concept earlier this year. At the ATM, consumers authenticate themselves by scanning a unique QR code that signals the ATM to dispense cash via an encrypted connection to the cloud.
The ability to conduct transactions with a mobile device at an ATM provides the foundation for credit unions to offer a private-labeled mobile wallet solution that can also be used at retail establishments for everyday purchases.
