Cardless ATMs – The Evolution of Cash Access
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Cardless ATMs – The Evolution of Cash Access

Author(s): Fiserv
Published By: Fiserv
Publication date: August 16, 2016

In this digital world and changing payments landscape, getting cash from an ATM is now possible without a physical card.  And it’s simple - with added security and convenience when people don’t have their debit cards on hand. 

Life moves fast. People rush out the door, forgetting their cash and cards. But, they don’t need to panic because they can now access their money anytime, anywhere at ATMs nationwide.

We’re seeing customized cardless cash options being introduced by a few of the largest financial institutions in the U.S., but cardless cash innovative technology can be leveraged and offered by ATM owners and financial institutions of all sizes.  Consumers are looking for a cardless solution that solves their on demand cash access needs for:

  • Emergency Cash – When consumers experience a lost or stolen wallet, they need a solution that allows them to access funds when they need them most.
  • Interim Access – Cardless options allow consumers to access cash while waiting for a lost, stolen or breached card to be replaced. It can also reduce the need for expedited delivery of a replacement card.
  • Convenience – Some consumers simply might not want to take their debit card, purse or wallet with them to the beach or for a night out. A cardless solution accommodates consumers’ desires for convenience.

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