Wincor Nixdorf announced Monday a new ATM line that enables customers to withdraw cash using a smartphone or contactless bankcard, according to a press release.

Wincor said in the announcement the system's innovative design is intended to appeal especially to digital natives who have grown up with digital and mobile technologies. Smartphone users can initiate cash withdrawals via an app that features the branding of the bank they use. Wincor said the advantage of the new CINEO C2020 is that these cash withdrawals are fast, convenient and secure — and cash can also be dispensed to third parties.

Bank customers can use an app to prestage a withdrawal, according to the announcement. They then receive a QR code, which they scan at the ATM’s QR code scanner to identify themselves. NFC technology is also available for authentication as an alternative to the QR code. When cash is withdrawn using a contactless card, bank customers enter their PINs using a special encrypting touch sensor.