Monday, February 16, 2015

Bring Smart Phone Near Your ATM

NFC and Smart Phone can significantly reduce the cost of ATM by removing half of devices. The app in the smart phone can do the authentication with no need of an EPP Device, card reader, biometric, retina. Since most of the application part will be on the Smart Phone the need a high end operating system like windows will not be need and thin processor to support android based applications can be used. 
PrivatBank in Ukraine has already implemented a similar system (headless ATM) eliminating the need of PIN Pad, Screen and other user interface


The ATM works in conjunction with the Bank Android app which links the customer account and does the major authentication of the customer and also basic validation of fund availability which reduces the requirement for having central EFT Switch or device driving application. This will also help in reducing PIN based frauds or ATM frauds to a large extend.    

0 comments :

Post a Comment