The ATM Industry Association (ATMIA) recently rolled out its Best Practices for Cardless Transactions at the ATM publication.
In addition to showcasing examples of the latest thriving cardless ATM transaction platforms worldwide, the guide also explains and examines global cardless transactions. Best Practices provides a framework for the ways in which emerging channel tactics are prepping to benefit from the interconnection between consumer-owned devices (CODs) and ATMs.
“We believe strongly in the future of cardless as a convenient new form of transaction at the ATM” Mike Lee, ATMIA CEO said in a press release.
Also included in the guide is a summary of cardless technology’s security by Douglas Russell, director of DFR Risk Management and an ATMIA consultant.
“Major manufacturers have already announced technology that integrates mobile devices with ATM functionality, and several banks in several countries have released proprietary cardless transaction services,” explains Forbes in the manual.
The guide reiterates ATMIA’s assertion that the ATM continues to be on track to become “the 21st century’s integrated payments hub.”
Financial institutions (FIs) may want to use this manual to gain some perspective and information on the potential importance of ATMs to the changing consumer financial experience.