ATM card holders will now be able to withdraw money without touching the screen and buttons of the ATM. All they have to do is scan a QR code on the screen.
new Delhi. After the Corona epidemic, some banks offered contactless cash withdrawals from ATMs. But this facility was not completely contactless. However, MasterCard has now partnered with AGS Transact Technologies to offer completely contactless cash withdrawals. ATM card holders will now be able to withdraw money without touching the screen and buttons of the ATM. All they have to do is scan a QR code on the screen.
Actually, a company named AGS Transact Technologies, AGSTTL has created a new software with the help of which any person can withdraw money without touching an ATM machine. Mahesh Patel, Group Chief Technology Officer of AGSTTL said that we have started a completely contactless solution. Banks using MasterCard network can contact AGS Transact Technologies to implement this for their customers.
This way withdraw money without touching ATM
>> For this, first open the mobile application of the bank on the smartphone and click on the option of QR Cash Withdrawal.
>> After that, put the amount of money you have to withdraw on the phone.
>> Then scan the QR code shown on the ATM screen.
>> Now confirm by clicking on Proceed button.
>> Now enter your 4 digit PIN number.
>> you will get cash from ATM
Patel said that contactless withdrawal not only helps in times of epidemics, but will also help in reducing fraud at ATMs. When we first started working on technology about two-and-a-half years ago, the primary reason for withdrawing cash through mobile apps was to reduce ATM fraud.
BoI will now be just a folio certificate on buying property in the city. Contact Equipped Withdrawl- AGS Transact Technologies first started offering this facility with Bank of India (BoI), which is fully Was not contactless. But now, a fully contact equipped withdrawal has been started for BoI. Patel said, ‘Now we are presenting it at the bank level, which only works with specific bank ATMs. Apart from this, it is also available on MasterCard which can be used at any ATM.