Tuesday, January 22, 2013

ATM Withdrawal with Mobile Phone?

UOB Singapore launched the system last year allowing its customers to transfer money to anyone with a mobile phone.
Transferee can withdraw from any UOB ATM in the country by keying in a passcode sent to them by the Transferor.

This year, IsBank Istanbul launched IsCep (integrated mobile banking ATM system). It allows customers to initiate the withdrawal process to such a point that the only thing needed at the ATM machine is to scan a QR quote. Transaction time at ATM is reduced to to 10 seconds.
No additional hardware is needed and all ATM models are supported (agnostic to whichever ATM). System was built by Turkish-based Softtech.

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