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June 5, 2018

Mastercard and Diebold to trial digital ATM transactions

Mastercard has partnered with financial services provider Diebold Nixdorf to trial two new ATM products to enable easy and digital cash transactions.

The integration of the new Mastercard Cash Pick-Up and Cardless ATM powered by Mastercard services with Diebold’s ATMs and middleware will be assessed during the projects.

Mastercard Cash Pick-Up is intended to allow quick and secure delivery of cash by banks to even those customers who do not have a bank account or card.

This solution not only serves underbanked consumers but also enables financial institutions and ATM deployers to enhance their revenue via new transaction volumes.

The Cardless ATM powered by Mastercard service is designed to facilitate use of mobile banking app for cash withdrawal from the nearest ATM, where consumers have to just authenticate their transactions.

Mastercard senior vice-president of ATM product management Daniel Goodman said: “As a technology company, we are always considering what the future can bring, and today we have a great opportunity with Diebold Nixdorf to define the next wave of digital products to the ATM channel.

“By bringing together the Mastercard network and Diebold Nixdorf’s large global scale, we can help move the ATM industry towards a globally scalable standard for driving digital innovation in the ATM channel.”

Diebold Nixdorf senior vice-president of software, Alan Kerr said: “This partnership with Mastercard is another way we are continuing to securely bridge the digital and physical worlds of cash by innovating the ATM experience for consumers through our Vynamic suite of software solutions.

“Many of our customers are looking to retain consumers and drive incremental transactions to their self-service channels, and this partnership with Mastercard delivers on both of these fronts.”

  1. News
  2. Company news
June 5, 2018

Mastercard and Diebold to trial digital ATM transactions

Mastercard has partnered with financial services provider Diebold Nixdorf to trial two new ATM products to enable easy and digital cash transactions.

The integration of the new Mastercard Cash Pick-Up and Cardless ATM powered by Mastercard services with Diebold’s ATMs and middleware will be assessed during the projects.

Mastercard Cash Pick-Up is intended to allow quick and secure delivery of cash by banks to even those customers who do not have a bank account or card.

This solution not only serves underbanked consumers but also enables financial institutions and ATM deployers to enhance their revenue via new transaction volumes.

The Cardless ATM powered by Mastercard service is designed to facilitate use of mobile banking app for cash withdrawal from the nearest ATM, where consumers have to just authenticate their transactions.

Mastercard senior vice-president of ATM product management Daniel Goodman said: “As a technology company, we are always considering what the future can bring, and today we have a great opportunity with Diebold Nixdorf to define the next wave of digital products to the ATM channel.

“By bringing together the Mastercard network and Diebold Nixdorf’s large global scale, we can help move the ATM industry towards a globally scalable standard for driving digital innovation in the ATM channel.”

Diebold Nixdorf senior vice-president of software, Alan Kerr said: “This partnership with Mastercard is another way we are continuing to securely bridge the digital and physical worlds of cash by innovating the ATM experience for consumers through our Vynamic suite of software solutions.

“Many of our customers are looking to retain consumers and drive incremental transactions to their self-service channels, and this partnership with Mastercard delivers on both of these fronts.”

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