A joint venture between PayPal, S1 Corporation
and NCR is to offer real-time P2P payments via ATMs.
The service will allow users to transfer money
directly from their bank account via an NCR SelfServ ATM to the
recipient’s PayPal account which will be identified by their email
address or mobile phone number.
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It will offer instantaneous payments to
recipients in over 60 countries.
Francois van Schoor, divisional president at
S1 said:
“This ATM-based P2P payments transaction will
allow financial institutions to give their customers convenient and
trusted access to an important service while maximizing the value
of their self-service network.”
NCR expects the service to be launched in Q1
of 2012. It will be initially available to consumers in the US.
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