Feeds

Now you can use your phone instead of your wallet at the ATM, too

Blimey, these little paper towels out of the vending machine are really expensive

Next gen security for virtualised datacentres

Diebold has been demonstrating its vision for the future of hole-in-the-wall cash machines, and it's one which replaces the plastic card with a cloudy alternative.

Diebold claims to have "re-imagined the automated teller machine experience for the millennial generation", but between the buzzwords are a couple of interesting features and a business model migrating from sale and service to cloud rental.

The concept cashpoint was demonstrated recently at tradeshow European ATMs 2013 in London, and boasts an interface clearly inspired by the iPhone and its ilk. Gone are physical buttons, replaced by one of those touch screens which are so popular with the kids these days, but a good deal of the interaction can take place on the user's phone instead.

A shiny new cash point

It's a cash point, but not as you'd know it

A smartphone-wielding user scans a QR Code, or NFC tag, to throw the ATM interface onto their handset - via the cloud naturally. The withdrawal amount is selected using the phone, which acts as an identifying token to replace the plastic card. The PIN is entered in the usual way, completing the transaction.

Equally interesting is the use of a mobile app to send cash to a person, who just receives an SMS bearing a six-digit code which can be entered in any compliant cashpoint to dispense the scratch-window cash.

But perhaps most important, in both cases, is the cloudy infrastructure necessary to make it happen, which Diebold is happy to provide. ATM hardware is a commodity market, and one slow to evolve. Even colour screens are a recent innovation, though banks were comparatively quick to implement mobile topup when there was revenue to be gained. Manufacturers need new features to drive the upgrade cycle.

We put it to Diebold that the day of the cashpoint was past, with NFC replacing cash and online banking doing everything else, but the company pointed out that the quantity of Euro notes in circulation increases daily and that cash remains the medium of choice for most transactions, so the death of the cashpoint is still a long way off.

For those who can stomach terms like "millennial inspired" and "consumer relationships" there's a video showing the tech in action, just don't say we didn't warn you:

®

Gartner critical capabilities for enterprise endpoint backup

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
EE: STILL Blighty's best mobe network, says 'Frappucino' Moore
Fresh round of network stats fisticuffs possibly on the cards here
US TV stations bowl sueball directly at FCC's spectrum mega-sale
Broadcasters upset about coverage and cost as they shift up and down the dials
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?