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NCR Sets Stage for Mobile Cash Withdrawal

Sean Sposito

Monday, June 11, 2012 - 10:11

NCR has devised a way for people to use smartphones to set up withdrawals from automated teller machines by using an iPhone or Android app.

NCR (NYSE: NCR) has devised a way for people to use smartphones to set up withdrawals from automated teller machines by using an iPhone or Android app. The Duluth, Ga., company created mobile software that works when users make requests using that mobile app. They then walk up to a nearby ATM within the bank’s network and take a picture of a 2D barcode on the ATM. The 2D barcode contains the location of the ATM and transmits that information to the bank. The bank completes the transaction and spits out the cash at that ATM.

Though the application itself might not be impressive, the crossover it allows between the mobile and ATM channels is. Bankers have long been eager for a seamless transition from one channel to the other.


 

Read the full story by clicking the link below
http://www.americanbanker.com/issues/177_112/ncr-sets-stage-for-mobile-cash-withdrawal-105 0024-....
 
Tags: Mobile Banking, Americas, NCR, Mobile App, Mobile Cash Withdrawal

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