Mobile ATM Cash

Bank customers with internet-ready mobile phones gain the ability to interact remotely with their bank’s card system for cash withdrawals. Customer is directed to nearest available ATM. Without inserting card, ATM dispenses ordered cash to customer once validated with unique reference number sent to customer’s mobile.

Card number and PIN are never used together.

Customer peace of mind

Aside from revenue generation and cost savings, ATMs are becoming the face of many banks. For many more consumers, ATMs are becoming the only interaction they have with their banks. In addition, ATMs are also becoming a competitive mark for many banks. Therefore, it is imperative to ensure that the customer’s experience with the ATM is safe and secure.

With just an internet-ready mobile phone, customer can now pay for goods and services at the merchant without using the real card number.

After authenticating oneself on the issuer’s mobile website, customer receives a once-off reference number that can be keyed-in at the POS and verified with the already in use verification PIN. The real card number and PIN are never used together.

Tackle Card Fraud from the Source

POS has been one of the lucrative channels for card skimming, identity theft, and card misuse. By eliminating POS a channel for skimming cards, merchants still get card authorisation via established infrastructure, and issuers save on chargebacks and fraud expenses.

Minimal Impact on Infrastructure

Cash on Demand imposes no hardware changes to the existing infrastructure. POS client software is updated to accept a new process where card number is not read but keyed-in. Everything else remains intact.

Help Your Business

Online card fraud prevention has just gotten a new powerful tool. Customers can now contact their issuers securely from the convenience of their mobile phone browsers requesting a once-off card number that can be used for online purchases but without revealing the ‘real’ credit card number to the online merchant. The request for the once-off number happens virtually from any mobile device that is internet-ready and supports standard secure communication protocols.

Help Your Customers

Not only customers pay for online goods and services without revealing their real card, but also the checkout process at the merchant site remains intact. The real card number is never stored on merchants databases, customers now feel more secure on ecommerce sites, and banks face lower chargeback costs, and enjoy huge reduction in online fraud expenses.

Cash on Demand ensures the real card is never exposed to ecommerce sites.

Key Benefits

   Card security within the reach of every customer
   Complements a comprehensive anti-fraud strategy
   Quick to deploy with effective anti-fraud results
   Imposes no hardware changes to ATM or POS
   Requires no changes to switch or routing
   Utilizes already issued debit & credit cards
   Plugs-in to existing card systems with minimal impact or interruption to service