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Diebold has unveiled an ATM that can be used for cardless withdrawals
USA | January 2013


Diebold, the American ATM manufacturer recently presented its new ATM at the Consumer Electronic Show (CES) in Las Vegas. This innovative machine, which will be tested by banks during 2013, enables users to make withdrawals without a card. Users scan the ATM’s QR code with their mobile phone which then syncs with the ATM via the cloud. After having selected the withdrawal amount on their phone, users then receive, via their smartphone, a one-time code which enables them to withdraw the required cash amount from the ATM. Users can also send money to third parties by transmitting the code to them. This type of machine could help banks save money by reducing the number of bank cards issued.




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In Nigeria, a bank and a mobile operator to launch a joint offering

Nigeria - November 2013



In Nigeria, Diamond Bank and the telecommunications operator MTN Nigeria have signed a partnership agreement to launch Diamond Y’ello Account, a bank account that MTN Nigeria subscribers can open via their mobile phone. Diamond Y’ello Account also offers customers access to micro credit, lower call rates and loyalty points for their transactions. This mobile bank account is aimed mainly at the country’s most unbanked regions.



News summary compiled by Efma Information Services

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BNZ is using facial recognition software to get to know its customers better

New Zealand - October 2013



In New Zealand, the bank BNZ has launched EmotionScan, a website which presents, by way of videos, 8 financial themes (pensions, mortgages, dependency, debt, donations and savings, budget management, etc.). The behaviour of the participants watching these videos is analysed using a system of facial recognition combined with artificial intelligence algorithms. The system put in place tracks the emotions of participants and detects the areas with which they are the least comfortable. BNZ then encourages them to make an appointment with a bank adviser to discuss these subjects.



News summary compiled by Efma Information Services

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Korea: a mobile fingerprint payment app

Korea (South) - October 2013



Danal, the mobile payment service provider, and CrucialTec, the manufacturer of electronic equipment, have launched BarTong, a mobile app which enables users to make payments via their mobile phone using a fingerprint-based identification system. The app is currently only compatible with the Pantech VEGA LTE-A phone which contains a biometric sensor. Danal is considering marketing this service abroad, in particular in China nd the United States, at a future date.



News summary compiled by Efma Information Services

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