FIS Cardless Cash protects consumers by reducing risk of card skimming and shoulder surfing, both of which are on the rise at ATMs, according to industry data. By leveraging FIS Mobile Banking with TouchID, customers securely access their funds and authorize the amount they want without inserting a plastic card into an ATM. The mobile banking app acts as a remote control for the ATM, providing unparalleled privacy and security for consumers. Customers using FIS Cardless Cash can complete their withdrawals in 10 seconds and get an electronic receipt on their smartphone.
“Our partnership with PAI extends FIS’ leadership to the largest Cardless Cash ecosystem, and will benefit both banks and their customers,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS. “Our Cardless Cash product combines innovation and efficiency with consumer convenience and security. For banks, it’s a new revenue source and this widespread network should facilitate customer adoption.”
This agreement makes NYCE the first national payment network to support mobile phone-to-ATM transactions.
More details at the link below...
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