Thursday, June 4, 2020

Banks to install contactless ATMs to cut down on touch

Traditionally, the ATM has been using a magnetic stripe card for identification of the accountholder and the PIN for authorisation. To use the contactless ATM, the customer has to use the bank’s smartphone app to scan a QR code on the screen and enter the amount and ATM PIN in his mobile, and collect the cash without touching the machine.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-to-install-contactless-atms-to-cut-down-on-touch/articleshow/76208399.cms

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