How Mastercard is using mobile to keep cash alive

More from: | PaymentsSource |
0

While technology is diminishing cash usage in many sectors, Mastercard is working on using mobile to get cash into more consumers’ hands.

Mastercard’s Cardless ATM service, developed with Diebold Nixdorf, resembles the technology many banks have adopted in the last few years — but Mastercard’s offering sheds the limitation of being tied to a specific bank’s ATMs.

“The flaw with the existing cardless ATM technology banks have is there’s no interoperability with other banks like there is for physical ATM

(...)

Read full article » http://www.paymentssource.com/news/how-mastercard-is-using-mobile-to-keep-cash-alive


About | PaymentsSource |

PaymentsSource.com is quickly evolving as the leading news and information resource for payments and financial-service professionals.

With its exclusive focus on the payments industry and a full-time editorial staff, PaymentsSource.com offers timely and comprehensive coverage of the rapidly changing payments business.

»Twitter: @payments_source »Facebook: @PaymentsSource