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Showing posts with label Cardless ATM Transaction. Show all posts
Showing posts with label Cardless ATM Transaction. Show all posts

Tuesday, 12 April 2016

17:09

Alpha Bank Enter MasterCard contactless

Alpha Bank Enter MasterCard contactless

Easy, fast and innovative everyday transactions!   

With Alpha Bank Enter MasterCard contactless and Alpha Bank Enter Visa contactless , you have access to your account anytime, and everywhere. There is no reason to worry about cash or exchange anymore, since you have access to ATMs anywhere in the world. Free of annual fee and interest, Alpha Bank Enter MasterCard contactless and Alpha Bank Enter Visa contactless are created to facilitate your everyday transactions.In addition, the embedded contactless technology enables you to conduct your everyday payments with unique convenience, in just a few seconds. 

Alpha Bank Enter MasterCard contactless and Alpha Bank Enter Visa contactless are also equipped with Chip & PIN technology and offer maximum security in your transactions either in Greece or abroad, with direct debit to your bank account in Euro.

All over the world, Alpha Bank Enter MasterCard contactless and Alpha Bank Enter Visa contactless make your transactions easier at any time!

More advantages: 
Contactless technology enables you to experience easy, fast and secure transactions at card acceptance terminals with a contactless reader. Inserting your card into the card acceptance terminal (POS) is not required and your transactions are completed in a few seconds.
For payments up to 25 Euros, transactions are completed within seconds, without entering your Personal Identification Number (PIN). Payments above 25 Euros can also be conducted with the use of contactless technology, by entering your PIN each time it is requested and always without the need to sign the purchase receipt.
  • Link of your card to Alpha Bank accounts (up to 5)  for ATM transactions.
  • Option of your daily purchase and cash withdrawals limit.
  • Purchases at millions of merchants in Greece and abroad, with direct debit to your bank account.
  • Checking of your bank accounts’ balance anytime at all Alpha Bank and DIAS network ATMs.
  • Cash withdrawals at any Alpha Bank and DIAS network ATMs in Greece.
  • Detailed quarterly statement with all your card transactions or electronic monthly report through e- statements.

The only limit to your purchases is the balance of your linked bank account.

Alpha Bank Enter MasterCard contactless and Alpha Bank Enter Visa contactless makes your every day transactions easier.

...and of course of the highest security! 
  • Chip & PIN technology for maximum security in all your transactions in Greece and abroad.
  • Delivery of  a non activated card which can be activated at any of Alpha Bank΄s ATM.
  • As soon as you fill in the application form for your new card, you receive your personal identification number (PIN).
  • Option of your daily transaction limit, for purchases or cash withdrawals.
  • Card Loss Centre of Alpha Bank operates 24 hours a day.
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Friday, 26 February 2016

07:51

Smartphones to replace cards at bank machines

Smartphones to replace cards at bank machines

Here's another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine.

The "cardless" automatic teller machine (ATM) is gaining ground in the US and around the world, with smartphone technology allowing for speedier and more secure transactions.

Dozens of US banks are installing new ATMs or updating existing ones to allow customers to order cash on a mobile application and then scan a code to get their money without having to insert a bank card.

US banking giants Wells Fargo, Bank of America and Chase are in the process of deploying the new ATMs, as are a number of regional banks and financial groups around the world. Makers of ATMs and financial software groups are ramping up to meet this demand.

"We think our model (using smartphones) reduces a lot of vulnerabilities," said Doug Brown, who leads mobile technology for FIS Global, a major provider of software and technology for ATMs.

Brown said the FIS cardless system is being used at some 2,000 ATMs operated by at least 28 banks in the United States "and we're looking to rapidly expand that."

He said the system should be operational at some 80,000 machines in North America over the coming 18 months. And similar changes are coming in other countries, according to Brown.

In addition to speeding the transaction time, the smartphone-based system aims to curb the growing problem of "skimming" in which criminals steal the data on a card, often by inserting devices into the ATM card slot.
By some estimates, skimming cost the global banking industry some $2 billion in 2015 and can lead to other kinds of fraud when card data is stolen.

"Consumers are aware of this, they really understand and welcome this," Brown said.
Another security benefit, Brown said, is that authenticating on the handset reduces the time spent at the ATM to around 10 seconds instead of the typical 30 to 40 seconds
"The performance is kind shocking to some people, they almost jump back at the instantaneous response," Brown said. "But it provides more physical security because they can make the transaction faster."

Bank of America spokeswoman Betty Riess said the group is "currently developing a new cardless ATM solution" based on NFC or near field communication technology to allow customers to authenticate without the use of a card.

"We'll roll out this capability in late February to associates in select ATMs in Silicon Valley, San Francisco, Charlotte, New York and Boston." Riess said. "It will be followed by a broader customer launch mid-year."

Chase said it is planning a similar rollout sometime this year.
"When we first roll this out, customers will be able to request an access code through the Chase mobile app and enter it at the ATM to do their transactions," said Chase spokesman Michael Fusco.
"Later on, they will be able to use their digital mobile wallet to complete the transaction at the ATM."

Wells Fargo is also on board, developing ATMs that will allow customers to use their smartphones to obtain and eight-digit token to authorize a cash withdrawal.
The Wells Fargo system will support Android Pay, "and we'll continue to evaluate additional wallets," said spokesman Kristopher Dahl.

Chicago-based BMO Harris, an affiliate of Bank of Montreal, began using smartphone technology at its 750 ATMs last March.
Some of the new technologies will require only a software update to the ATM, while others will need new hardware.

ATM manufacturer Diebold is testing a "headless" teller machine, without a screen or keypad, which dispenses cash from interaction on the smartphone.
"What we are saying with this is forget the card reader, forget the PIN pad, we all have these devices in our pockets," said Dave Kuchenski, Diebold's senior business development manager for new technology.

Customers need only verify their identity, which can be done with the device's fingerprint reader, or possibly with an iris scanner on the ATM.

While some existing Diebold ATMs can work with mobile applications, Kuchenski said the new concept, in testing with Citibank and others, could provide "a better user experience."

"We don't have to walk through the same process which we have had since the ATM has existed," he said.

"If we're using a mobile phone, we no longer have the need for a card, we no longer have a need for a receipt printer, we've dematerialized a lot of the devices. Banks like this, because it has fewer moving parts, so it reduces the total cost of ownership."

 Source:BankingUpdates
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Saturday, 30 January 2016

20:00

Bank of America working on cardless ATM transactions

Bank of America working on cardless ATM transactions

There might be a new wave of mobile payment transactions as after LG Pay White Card is leaked, we have information that Bank of America will soon allow ATM transactions with smartphones. This isn't a rumor nor a concept as the bank shared the news earlier this week. The two are quite different but it tells us that mobile payment services can still be improved. It's not only 'tap and pay'. You can do more with them such as perform ATM services.

Bank of America is trying to beat JPMorgan Chase & Co in releasing this kind of technology. The latter is believed to be introducing a similar service but Bank of America has more definite plans now. The idea is that a user will no longer have to swipe the plastic card to get cash from the ATM. All he needs is his smartphone to make transactions. The cardless transaction is just another option as cards can still be accepted.

This new technology will be wireless and will take advantage of the same technology most payment terminals use to accept mobile payments. This cardless ATM service will be initially offered to employees of Bank of America to select ATMs in Charlotte, Silicon Valley, San Francisco, New York, and Boston. Customer launch will follow mid 2016.

Aside from Bank of America, Wells Fargo and JPMorgan are said to launch similar wireless-virtual card services.

VIA: The Charlotte Observer

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