Mofiria provides Aeon Bank with new hybrid biometric device — Mofiria — “Aeon Bank Ltd, a Japanese new style bank, has announced that they have introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number… Aeon Bank has introduced this system to five branches for the proof of concept and they have a plan to introduce it to all branches by October 2018.”
ATM
Chase lets customers use their mobile phone to open a bank account
JPMorgan reaches beyond its branches with new mobile account app — Reuters — “The app, named Finn by Chase, allows people to use a phone to open a bank account, make deposits, issue checks, track spending and set up savings plans, bank officials told Reuters last week. Finn debit cards will come by mail for access to cash from 29,000 ATMs.”
Singapore banks begin rollout of NetsPay NFC and QR mobile wallet
NetsPay mobile wallet available for download — The Straits Times — “Nets users can now leave their physical ATM cards at home. They can also ditch multiple mobile apps that provide similar payment functions. The NetsPay mobile wallet — which can digitise the credit, debit and ATM cards of six banks here — is currently available for download…. The app lets users pay through their digital Nets cards with just a tap of their mobile phone, or by scanning a QR code at merchants that accept the service — without encumbering users with the need to download multiple mobile apps.”
Wells Fargo adds NFC cash withdrawals at 5,000 ATMs
More than 5,000 Wells Fargo ATMs launch NFC-enabled mobile wallet capability — Wells Fargo — “A customer can initiate an ATM transaction by signing into leading mobile wallet features, such as Wells Fargo Wallet for Android, Apple Pay, Android Pay or Samsung Pay, found on mobile phones. They simply hold their phone or wearable device with mobile payment functionality near an NFC-enabled ATM terminal… The customer will then input their Wells Fargo Debit or EasyPay card personal identification number (PIN) and complete their transaction.”
Chinese banks roll out face recognition at the ATM
Facial recognition debuts at China’s banks — Xinhua News Agency — “At the Agricultural Bank of China’s (ABC) three outlets in Jinan City, cards are no longer needed to withdraw money. A quick scan of the face will do… Other banks, such as the China Merchants Bank and the Construction Bank of China, have also introduced similar technology in their ATMs.”
Standard Chartered turns merchants into ATMs
No ATM needed: Standard Chartered partners startup SoCash on 400 cash withdrawal points — The Straits Times — “Instead of having to look for an ATM, Standard Chartered Bank customers now have the option of getting cash through SoCash, which has been integrated into the SC Mobile app… They simply key in the amount they want to withdraw and collect the cash from any outlet of a participating merchant. Withdrawals can range anywhere from S$20 (US$14.84) to a maximum of S$500 (US$371.09) daily.”
Mastercard tests service that lets anyone collect cash from an ATM with just a mobile phone
ATM innovation for emergency assistance and merchant rebates — Mastercard — “There are situations when money needs to be sent and received as cash, particularly in emergency situations or when the recipient is unbanked. With Mastercard Cash Pick-Up, a bank can help an individual or company send money to anyone with a valid mobile phone number.”
Bank of America rolls out cardless ATM withdrawals
Bank of America debuts new mobile tools focused on personalization — Bank of America — “Customers can now start an ATM withdrawal directly from their mobile banking app. Customers simply log into the app and select the desired amount to withdraw. When they arrive at the ATM, they can either use their smartphone or debit card, enter their pin, and a personalized screen will display asking the customer if they are here to complete the withdrawal, which eliminates four steps at the ATM.”
Mobile payment usage ‘remains low’, US debit card study finds
“Combined, Apple Pay, Android Pay and Samsung Pay account for only about one quarter of 1% of US debit transactions,” the annual Debit Issuer Study from debit and ATM network Pulse has found, while the country’s move to EMV chip cards has cut debit card fraud loss rates but “fraud continues to challenge issuers.”... More
Some Macau cash points deserted as face recognition technology kicks in at ATMs
Some Macau cash points deserted as face recognition technology kicks in at ATMs — South China Morning Post — “One casino employee, who works near an ATM which previously had long queues, said: “I used to see lots of people lining up at the ATMs before but they have vanished since the new machines were installed. Everyone must have gone looking for those without the cameras.”
Danske Bank launches digital pocket money
Danske Bank launches digital pocket money — Danske Bank — “In the pocket money app, children can see when their pocket money is paid into their account and how their savings develop, while parents can use Mobile Banking to transfer money and keep an eye on their children’s pocket money… The solution includes a pocket money card, which can be used in ATMs, for payment in stores or online, if the parents allow this.”
Macau’s ATMs are using facial recognition to help follow the money
Macau’s ATMs are using facial recognition to help follow the money — Bloomberg — “Chinese bettors withdrawing money from some ATMs in Macau need to do more than punch in their PIN code. They also have to stare into a camera for six seconds so facial-recognition software can verify their identity and help monitor transactions… China UnionPay Co’s network is the first to use the software, which will be installed in all the city’s 1,200 cash dispensers.”
Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs
Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs — Rakbank — “This innovative digital solution enables the bank’s customers to make cardless cash withdrawals from Rakbank ATMs using their Samsung smartphones without the need for a physical debit or credit card. The Samsung Pay solution for ATMs is an end-to-end contactless process.”
Insights into the future of cash
Insights into the future of cash — Bank of England — “The value of Bank of England notes in circulation peaked in the run-up to Christmas 2016, reaching over £70bn for the first time — an increase of 10% on a year earlier. This is the fastest growth we’ve seen in a decade, and a giant leap compared to the £2.9bn when the ATM was born.”
China UnionPay rolls out QR payment solution
China UnionPay rolls out QR payment solution — ECNS — “The latest UnionPay product offers multiple payment modes with customers able to scan seller QR codes or vice versa, while transfers can be made person-to-person, facilitating payments between individuals, individuals and businesses, and among businesses. In future, cash withdrawals from ATMs via QR codes and other premium service solutions will also be available.”
Zain signs MoU with Mastercard to boost digital payment services in Jordan
Zain signs MoU with Mastercard to boost digital payment services in Jordan — Mastercard — “Zain has been approved to issue Mastercard prepaid cards linked to the Zain Cash mobile wallet to provide subscribers with the advantage of obtaining and utilizing the card locally and globally through a network of more than 50 million points of sale… as well as the possibility of shopping online and using it on the ATM network.”
Makati launches digital payments card for gov’t transactions, purchases
Makati launches digital payments card for gov’t transactions, purchases — Rappler — “The Makatizen Card, launched by the city government in partnership with Globe and iBayad, functions as an ATM card and a valid government ID… It comes with a near-field communication (NFC) feature that allows city offices equipped with iBayad machine readers to verify the identity of residents and city government employees.”
Wells Fargo to add NFC mobile withdrawals to ATMs later this year
Customers of US bank Wells Fargo will be able to withdraw cash from ATMs using an NFC-based mobile payments service such as Apple Pay, Android Pay and Samsung Pay when the bank rolls out an upgrade across the US “later this year”. More
Westpac launches payments keyboard for chat apps
Customers of Australian bank Westpac will soon be able to use an innovative replacement for the default keyboard found in social messaging apps such as Facebook Messenger and WhatsApp to make P2P money transfers to friends, family and businesses as well as send cardless cash codes to recipients for ATM withdrawals. More
Wells Fargo moves forward with ATM mobile withdrawal plans
US bank Wells Fargo will become the first in the country to upgrade its entire network of ATMs with mobile withdrawal functionality next week, as the bank prepares to roll out the service to 13,000 machines... More