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KAL software running on mobile ATMs

KAL software is now running on a new generation of ATMs referred to as “mobile ATMs”. This class of ATM is designed to provide banking customers with a faster and more secure way to withdraw cash.

The mobile ATM, which is now being introduced in selected markets around the world, does not require the customer to insert their bank card to get cash. Instead, the customer pre-orders cash on their mobile phone and then scans a one-time code at the NFC-enabled contactless card reader at the ATM.

Cash is then dispensed in around 10 seconds – considerably faster than the typical 30 to 40 seconds it takes when using a card.

As well as providing quicker cash withdrawal, the mobile ATM dramatically cuts down on skimming fraud and other ATM crime by eliminating the need to use a card. The mobile ATM can also be used to dispense emergency cash when the customer has lost their card or it has been stolen or cancelled following fraudulent activity.

In addition, money transfers are possible where transfers can be pre-staged on a smartphone and fulfilled at the ATM, and mobile ATMs also allow for infinite third party transactions because customers are using a mobile app.

 

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ATMIA US Conference, Las Vegas, April 28-30

The theme for this year’s ATMIA event is NextGen ATMs ‒ A New Path to a Transformative Future. It will...

ATMIA Canada Conference, Vancouver, May 17-18

KAL is presenting and exhibiting at this biennial event which is focusing on NextGen ATMs. Other topics on the agenda...

ATMIA Europe 2021 ATM & Payments Innovation Summit, Berlin, Oct 19-20

ATMIA Europe’s flagship event is billed as “a unique experience of outlook-broadening, shared learning and networking”. Every significant German bank...

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