Withdraw Cash From An ATM By Scanning A QR Code With Your Phone

June 16, 2012

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Withdraw Cash From An ATM By Scanning A QR Code With Your Phone 4

Mobile payment systems have been moving toward NFC technologies, with Google Wallet and other NFC-based systems like ISIS. This requires the use of a device with an NFC chip, and NFC-enabled pay stations.

NCR Corporation has something different in mind with their QR code-based ATM withdrawal system called NCR Mobile Cash Withdrawal. While not exactly a point-of-sale system like Google Wallet, it allows you to get money from any supported bank's ATM. The technology does not require any new hardware on either end for it to work. NCR is using standard QR codes that can be scanned by any Android device with a camera. A user simply needs to have the NCR app installed, walk up to a supported ATM, scan a code, and withdraw money. No passwords are swapped between the phone and the ATM, so ATM password skimmers become useless.

Without more information, it's difficult to say how secure this system is, but NCR is planning implementation this year and is currently looking for banks “with an innovative spirit” to partner with.

Watch the demo video after the break.

source: android.gs geeks

Ed Caggiani Author

Originally from the East Coast, Ed now makes his home in San Jose, California. His passion for technology started with his first ColecoVision and Atari gaming systems, and has grown stronger through Tandy computers, IBM clones, Palm Pilots, and PocketPCs. Ed's love for Android began with his first HTC Hero, then blossomed with the original Evo 4G, and now the Evo 3D and Motorola Xoom. He graduated from Syracuse University with a B.S. in Communications, and is now a professional User Experience Designer working in Silicon Valley. In his spare time, Ed enjoys video games, jamming on guitar, and spending time with his wife, two cats, and Logitech Revue.