Will that be cash or credit? These days most of us use plastic to pay for just about everything—from groceries and clothing to digital music and parking meters. But this hasn’t stopped Diebold Inc. from introducing a new line of ATMs aimed at providing future consumers with a unique mobile banking experience.
In late October, Diebold unveiled two new ATM concepts at the Money 20/20 tradeshow in Las Vegas. The Irving and Janus models are the latest series to exclude common components of traditional ATM design and functionality. Most notably, both designs feature cardless transaction capabilities and mobile integration, which according to Diebold, will create a smoother and more convenient experience.
Unlike traditional ATMs, the Irving is a sleek, screen-less, and pad-less terminal. Near Field Communication (NFC) activates the ATM when a user approaches the device. NFC syncs with a user’s smartphone, thus eliminating the need for various material interfaces. To access funds, users verify their identities using contact-less technologies like QR codes or iris-scan and then withdraw cash. The Irving is also 32 percent smaller than traditional ATMs.
While the Irving delivers on speed and convenience, the Janus offers customer service in an entirely new format. The Janus is a dual-sided terminal, sharing basic components like alarm boards and connectivity, but can individually service two users at once from each side without compromising security or privacy.
The Janus also incorporates mobile access features like NFC and QR code technology but also offers a tablet touch screen, which allows users to scan checks and sign documents. Additionally, if a user needs assistance, the Janus offers a 24-hour video teller for more complex problems.
But Are They Safe?
Mobilizing the ATM experience is a likely evolution. As consumers become increasingly familiar with mobile integration and applications, especially with the proliferation of banking apps, the need for brick-and-mortar bank locations decreases. But are these new cardless ATMs safe for consumers?
Diebold’s ATM concepts reassure users with safety features covering several types of threats. First, the new machines remove nearly every skimming threat, because users would not have to slide a card or type a PIN. Second, the QR codes and other scanning technologies don’t contain any sensitive data about the user; they simply notify the smartphone of the connection. Connections are also set to expire after a short length of time, so even if the phone were lost or stolen, accessing the account would be impossible without proper user identification. And finally, the increased speed of the transaction greatly shortens the amount of time a person spends at the terminal.
Like all mobilized tasks, the use of mobile integrated ATMs will probably take some getting used to. In the future, it probably won’t be the end of the world if you forget your wallet at home, provided that you have your cell phone.
ABOUT THE AUTHOR
Jeremy Pollack has a B.A. in English from USC and has been writing professionally since 2001. He is the founder and editorial manager of Compelling Content Solutions, A copy writing and content marketing services company.