Diebold Redefines Mobile-Enabled Banking For European Market
04 April 2016
To deliver on consumers expectations for mobile-enabled services, Diebold's mobile-driven ATM concept dispenses and recycles cash with no screen, card reader or PIN-pad required-- using the consumers' mobile device as the primary interface. With an estimated five trillion dollars in currency circulating the globe, the concept was designed to challenge present-day self-service experiences to provide faster, more convenient consumer access to cash. Driven by a mobile-enabled design philosophy, the concept features:
- Bring your own device (BYOD) access: The card reader, PIN-pad and physical screen are completely eliminated. Instead, transactions are scheduled by using the bank's mobile app on the consumer's smartphone.
- Consumer-recognition technology: Consumers are delivered instant access to cash through contactless, mobile-banking methods such as quick response (QR) codes, near field communication (NFC) and iris-scan biometric technology.
- Increased speed and security: By quickly authenticating transactions directly from the consumer's smartphone, security is increased and card fraud is mitigated. Cash withdrawals can be completed in less than ten seconds.
- Small footprint: Compared to other standard through-the-wall automated teller machines (ATMs) in the market, this terminal's depth is reduced by as much as 32%, and on the consumer-facing side, it is up to 37% narrower.
Also featured in Diebold's booth is Cryptera's CryptoTouch™ application, which encrypts PIN entries made on touchscreen interfaces. Acquired by Diebold in 2014, Cryptera is a world-leading provider of secure payment solutions -- particularly in the field of encrypting PIN-pad (EPP) technology. As more devices are moving to touchscreen, the payment card industry (PCI)-compliant solution delivers more secure consumer interactions on ATMs, point of sale (POS) devices and unattended payment terminals by moving traditional PIN entry from a mechanical keypad to a touchscreen.
"Diebold continues to shape the future of the mobile banking landscape by bridging the physical and digital worlds of cash in unprecedented ways," said
Cryptera is based in
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