Wincor Nixdorf is rolling out a new automated teller machine (ATM) that will enable cash withdrawal through a smart phone or a near-field communications (NFC) card.
In addition to facilitating fast and secure withdrawals, the new CINEO C2020 will also be able to dispense cash to third parties, the company said in a release. In this case, the transaction data will be transmitted to the recipient’s mobile terminal through PC/E software, following which the recipient can collect the cash at the ATM.
Go deeper with GlobalData
Moreover, CINEO C2020 will incorporate standard software technology, simplifying the process of certification and integration of banks’ new systems in their existing networks.
Account holders can use these ATMs through a mobile banking app that Wincor Nixdorf provides the bank.
Customers will be able to use the app to choose the account from which the funds will be withdrawn along with the withdrawal amount, after which they will get a QR code, which they scan at the ATM’s QR code scanner to identify themselves.
In order to make cash withdrawal with an NFC card, bank customers need to enter their PINs using a special encrypting touch sensor.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThe device significantly mitigates risks of card trapping and skimming attacks as it has been equipped with a contactless reader and an encrypted touchscreen for PIN entry, the release added.
