NCR to offer wireless withdrawals at ATM

NCR will unveil a new software to offer 'NCR Mobile Cash Withdrawal' solution at ATMs. This solution enables consumers to initiate cash withdrawals from their banking accounts on mobile devices and complete transactions at an ATM by scanning a 2D barcode. And the transaction can be completed in less than 10 seconds, claimed a statement.

"NCR is looking for partnership opportunities with financial institutions to pilot this new solution," added the release.

Consumers will have to authenticate through existing mobile banking application and pre-stage the transaction via an embedded NCR Mobile Cash Withdrawal function. Consumers can use any iOS or Android smart phone for transaction at any location and at any time. The solution requires no additional ATM hardware such as barcode scanners or near field communication (NFC) readers. It can be deployed with a software upgrade.

"No consumer data is stored on the device or contained within the on-screen 2D barcode. Rather, scanning the barcode only identifies the location of the ATM and prompts fulfillment of the transaction. In turn, using a mobile device eliminates the threat of ATM skimming devices used by criminals, said the release.

The solution includes an integrated electronic receipt that delivers the receipt to the users' mobile app, eliminating the printed paper receipt and includes the ability to store and archive the receipt for later retrieval.

The software will have to be integrated into ATM software including NCR APTRA AANDC or activate software platforms. "Pilot customers also can utilize a standalone mobile app for cash withdrawals; or NCR will integrate the solution in the bank's mobile banking system or NCR's APTRA Mobile Banking solution so that consumers can use their mobile banking app as an ATM interface, said a press release.