Diebold Inc. will showcase one of its newest mobile-driven banking concepts, along with a security application from Cryptera, at Money 20/20 Europe this week in Copenhagen, Denmark.
The concept ATM dispenses and recycles cash without a screen, card reader or PIN-pad, using the consumer's mobile device as the primary interface.
The futuristic concept provides faster, more convenient consumer access to cash, the press release said. Features include:
- bring your own device access -- customers set up their transactions via the bank's mobile app on their smart device;
- consumer-recognition technology -- offers instant access to cash through contactless, mobile-banking methods such as QR codes, NFC and iris-scanning biometric technology;
- increased speed and security -- with transactions initiated and authenticated on the consumer's smartphone, the concept mitigates card and completes cash withdrawals in less than 10 seconds; and
- a small footprint -- the terminal is nearly one-third (32 percent) shallower and more than one-third (37 percent) narrower than standard through-the-wall ATMs.
Also at its Money 20/20 Europe booth, Diebold will highlight the CryptoTouch application from Cryptera, a company that the ATM-maker acquired in 2014. The Cryptera app encrypts PIN entries made on a touchscreen interface to deliver more secure consumer interactions on ATMs, point-of-sale devices and unattended payment terminals.
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