NCR initiates Mobile Cash Withdrawal

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

NCR initiates Mobile Cash Withdrawal 
NCR has announced new software which will enable consumers to initiate cash withdrawals from their banking accounts on mobile devices and then complete those transactions at an ATM by scanning a 2D barcode. NCR Mobile Cash Withdrawal will make ATM transactions faster and more secure, by removing cards and PINs from the process at the ATM. The entire transaction, while the consumer is in front of the ATM, can take less than ten seconds.
Consumers will authenticate through their existing mobile banking application and pre-stage the transaction via an embedded NCR Mobile Cash Withdrawal function. Consumers can use any iOS or Android smartphone at any location and at any time and then choose the amount of their transaction. Once at their bank’s ATM, the consumer will use the embedded functionality to scan the 2D barcode on any participating ATM's home screen, and the pre-staged cash transaction will be authorized and funds dispensed. 
"We live in a mobile world where the modern consumer expects to handle transactions using a variety of mediums. NCR has been a pioneer in a variety of multi-channel environments, from using your phone as an airline boarding pass. NCR Mobile Cash Withdrawal will help financial institutions meet their customers' expectations in the mobile channel, and help them deliver a differentiated and faster converged-channel experience," said Jaivinder Gill, Managing Director, NCR Corporation, India.

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