Under the agreement, Wintrust Financial Corporation is set to pilot FIS’ Cardless Cash Access solution which is an addition to the FIS Mobile Wallet platform, delivered in partnership with Boston-based mobile payments company Paydiant and US-based automated teller machine (ATM) provider Diebold. The solution enables consumers to withdraw cash from ATMs using their smartphones.
The FIS Mobile Wallet with the new Cardless Cash Access solution authenticates a user on their smartphone. Once authenticated, the user scans the QR code provided on the ATM screen and selects the account and amount of the withdrawal directly on their smartphone. The solution delivers an e-receipt to the smartphone app after cash is dispensed from the ATM.
In recent news, FIS has completed the acquisition of provider of mobile banking and payments mFoundry.
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