FIS, Cardtronics expand mobile ATM access
Financial services technology provider FIS and independent ATM deployer Cardtronics have announced plans to integrate FIS Cardless Cash access across the Cardtronics ATM fleet in the U.S.
FIS Cardless Cash, a feature of the FIS Mobile Banking app, lets ATM users withdraw funds without a bankcard.
A planned 24-month rollout of the service at Cardtronics ATMs will enable cardless ATM access at some of the largest retailers in the U.S., according to a press release. Importantly, FIS Cardless Cash also will enable financial institutions to offer their customers and members in-network use of cardless cash functionality at both branch and retail ATMs.
"FIS Cardless Cash already has created the industry's largest cardless ecosystem, providing convenience to U.S. customers and a better security model for financial institutions," said Anthony Jabbour, COO for banking and payments at FIS. "This partnership with Cardtronics exponentially grows that ecosystem, further facilitating customer adoption and increasing the efficiency, convenience and security of ATM transactions."
FIS Cardless Cash protects consumers by reducing the risk of card skimming and shoulder surfing at ATMs. Using FIS Mobile Banking with TouchID, customers can securely prestage their cash withdrawal and complete the transaction within 10 seconds at the ATM. The FIS system then sends an electronic receipt to the user's smartphone.
"Cardtronics, as the global leader in ATM and surcharge-free solutions for retailers and financial institutions, is uniquely positioned to dramatically expand the use of cardless cash access at ATMs in the United States," said Brad Nolan, executive vice president and managing director of global product and marketing at Cardtronics. "Enabling cardless cash access at our ATMs is just one more way Cardtronics can help banks transitioning to more digitally focused, self-service strategies."
The FIS Cardless Cash platform launched in January 2015 and is now used by more than 30 banks in the U.S., the release said.