Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business, managing finances and accessing cash – easier, more secure and more efficient for everyone.
For 50 years, consumers have been able to reliably use their Mastercard cards to withdraw cash from one of the largest ATM networks in the world, whether they are at home or travelling abroad. And now, Mastercard is working to bring new, innovative solutions that meet the evolving digital needs of consumers, issuers, acquirers, and operators to the ATM. These new solutions will not only provide a seamless, secure user experience and arm our partners with technology that can help shape the next wave of ATM usage, they will turn the ATM into an access point for both banked and unbanked consumers.
You can find more information about these new products below.
Visit us at: www.mastercard.com
2000 Purchase St, Purchase, NY 10577
Mastercard Cash Pick-Up™ allows banks and their disburser customers to deliver cash quickly, securely, and easily to any vetted consumer – banked or unbanked – through enabled ATMs, without the use of a card.
Once the sender has created an order, a virtual card number is created, and the recipient is notified that their money is ready to be picked up at any enabled ATM. At the ATM, the recipient enters their order information and receives cash; no card or bank account is needed.
BENEFITS FOR ATM ACQUIRERS
BENEFITS FOR ISSUERS
BENEFITS FOR DISBURSERS
Some of the key use cases for this product are:
Cardless ATM allows consumers to view the total cost of an ATM withdrawal before visiting the ATM and complete the entire transaction using their mobile device, without the need for their card. The experience takes place within their Issuer’s mobile banking app, whether they are at home or abroad.
Cardless ATM addresses consumer concerns and demands for:
Convenience by eliminating the need for card at ATM and shifting the user experience to the consumer’s mobile banking app / digital wallet
This is a contactless solution for ATMs which uses NFC, allowing consumers to provide digital credentials to the ATM instead of using a physical card. This product will make using an ATM inherently more secure and convenient for consumers. This solution is currently under development.
Mastercard’s ATM Locator allows consumers who are searching for an ATM to easily locate one through this repository of all the ATMs on Mastercard’s network. It is easily accessible online and through the Mastercard Nearby App.
Through the App – Mastercard Nearby allows consumers to filter their search results based on the following ATM features:
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