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.
from Banking/Finance-Industry-Economic Times
Read The Rest:economictimes...
Post Top Ad
Friday 5 June 2020
Banks to install contactless ATMs to cut down on touch
Tags
# Banking-Finance
Share This
About ajit
Banking-Finance
Tags:
Banking-Finance
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment