Air Bank, an emerging financial institution in the Czech Republic, has partnered with ATM giant Diebold Nixdorf for the deployment of its new contactless cash dispenser.

The CS 2020 devices feature a range of new digital functions, including the ability to authenticate and transact without the use of a traditional card reader or PIN pad.

Rather than inserting their bank card to withdraw cash, consumers can tap a NFC-enabled payment card, stick or sticker (that can be stuck onto a smartphone), and enter their PIN on an encrypted touchscreen. The bank hopes that the introduction of the NFC-enabled machines will reduce the risk of card trapping and skimming attacks.

The CS 2020 can also be configured to authenticate users cardlessly through pre-staging a transaction on the consumer’s smartphone. Once the transaction is staged, the user receives a secure QR code or one-time PIN. When the QR code is scanned or the PIN is entered at the ATM, it quickly dispenses the cash.

Jaromir Vostry, product manager for cards at Air Bank, said: “Simplicity is one of the key values of our bank. With enhanced functions, the new contactless ATMs enable customers to withdraw cash as easily, comfortably and securely as they are used to when making contactless payments in shops and other places.”

Share Story: