Austrian lender BAWAG has introduced card-less cash withdrawals at ATMs across all its branches in collaboration with its technology partner Wincor Nixdorf.
The new SmartCash function will be available at ATMs in around 500 BAWAG branches.
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The service will leverage Wincor Nixdorf’s software platform PC/E with a smart client component that runs on the ATM, and a server component that authorizes the withdrawal via the code.
SmartCash withdrawal will be authenticated through a single-use ten-digit code, generated either by BAWAG’s eBanking service or its eBanking app and transmitted to the user via text message.
The code will be valid for four hours after being sent to the user, and will permit cash withdrawal between EUR10 and EUR400.
Wincor Nixdorf Austria director of Software & Solutions Josef Pichler said: "In close cooperation with the retail banking experts at BAWAG, we were able to create a very customer-centric solution that meets the demand for omnichannel banking services."
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By GlobalData
