Diebold showcasing its mobile-driven ATM concept at Money20/20 Europe

April 4, 2016 - 

Diebold is showcasing its mobile-driven ATM concept this week at Money 20/20 Europe.

Following the show, the ATM concept will also be on display at the Diebold Europe, Middle East and Africa (EMEA) Center of Innovation in Belgium.

Diebold’s mobile-driven ATM concept uses the consumers’ mobile device as the primary interface and dispenses and recycles cash with no screen, card reader or PIN-pad required. The concept features: bring your own device access, transactions are scheduled by using the bank’s mobile app on the consumer’s smartphone; consumer-recognition technology, instant access to cash through contactless, mobile-banking methods such as QR codes, NFC and iris-based biometric technology; authenticating transactions from the consumer’s smartphone increases security and mitigates card fraud; compared to other ATMs in the market, this terminal’s depth is reduced by as much as 32% and it is up to 37% narrower.

“Diebold continues to shape the future of the mobile banking landscape by bridging the physical and digital worlds of cash in unprecedented ways,” said Bassem Bouzid, senior vice president and managing director, EMEA. “Further expansion into Europe, the Middle East and Africa remains a top priority for us. We are focused on bringing the industry’s most innovative self-service offerings to the market that truly enable our customers to transform the banking experience for consumers.”

In January, it was announced that iris authentication firm EyeLock and Diebold partnered on a new screen-less, self-service ATM concept that uses emerging biometric technology to show what the future banking experience might look like.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.