PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Diebold Introduces ATM-Based Card Onboarding for Mobile Wallets

By Sarah Grotta
October 23, 2015
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
One in Three Teens Believe Using a Credit Card is Not Spending Money - PaymentsJournal

Diebold announced some interesting new technology which may not only help to keep their ATMs relevant, but also may help financial institutions protect the relevancy of their cards, especially debit cards, as mobile payments begin to catch on. Financial institutions (FIs) are concerned that their brand and their cards will be disintermediated as consumers put their card credentials in a mobile wallet where the wallet brand becomes more prevalent and the card takes a back seat. For an FI, making sure their card is the one that gets into the mobile wallet is critical. Diebold has crafted a solution in partnership with SimplyTapp that lets consumers add their cards to their preferred mobile wallet at the ATM:

To enroll in their bank’s mobile wallet, a customer must insert their card at the ATM and enter their PIN. On the machine’s screen they are given the option to sign up to the wallet and if they choose to, are asked to enter their phone number. They then receive a text with a link to download the app.

Automatically, the customer’s card data is encrypted in the form of tokens and transferred from the ATM to the card issuer’s virtual cloud via SimplyTapp’s HCE technology. The user can then start making contactless mobile payments.

I’m not sure I want to be behind the guy who decides to add his card to a mobile wallet at the drive through ATM, but for in-branch ATMs this could work. An interesting scenario for a new account strategy could include the combination of an in-branch, instant issue debit card followed by a walk over to the ATM where the customer can immediately add their just printed new card to their favorite payment wallet

Oveview by Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group

Read the full story here

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Rewire Acquires Imagen, Looking at Prepaid Cards for Migrant Workers

    Smells Like Team Spirit: What Makes Cobranded Credit Cards Work

    July 3, 2025
    uk banking outages

    New Continuous Strategies for Battling Account Takeovers

    July 2, 2025
    Fraud Monitoring

    What to Expect When Nacha’s Fraud Monitoring Rules Take Effect

    July 1, 2025
    payments

    Don’t Just React to What’s Next in Payments—Anticipate It

    June 30, 2025
    consumer debit

    As Payment Types Proliferate, Debit Cards Still Go Strong

    June 26, 2025
    Embedded Payments

    How Embedded Payments Is Optimizing the Expense Management Process

    June 25, 2025
    small business banks

    How Banks Can Bring Small Businesses Back to the Fold

    June 24, 2025
    Why Banks & Fintechs Can’t Ignore Digital Assets in 2025

    Digital Assets Deliver: How FIs Are Leading the Next Financial Era

    June 23, 2025

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result