Recomended
Apple Touch ID withdraw is coming to 70,000 ATMs across the US
Posted by: Unknown Posted date: 6:06:00 AM / comment : 0
Apple Pay is far from a perfect system and Apple's Touch ID
definitely doesn’t rank among the securest identification solutions out
there. However Cupertino has become notorious for pushing the payment
system both at home and abroad relentlessly ever since its release. And
when you put a corporate machine as mighty as Apple behind such an
effort, it comes as no surprise that it becomes widespread and
universally accepted at some point. That's just how business works.
But, before we sound way too disappointed from Apple Pay for no apparent reason, we will be quick to note that where there is smoke, there is fire and all that hard work has led to some pretty nice features and services in the past few months. A perfect example is a new system that FIS and Payment Alliance intend to start rolling out this summer. Their goal is to enable cardless withdraws from ATMs with authentication being provided from Apple's Touch ID.
If everything pans out correctly, users should be able to eventually withdraw money using only their iPhone from one of over 70,000 AMT locations the two companies run across the US, including gas stations, stores, restaurants and shopping malls. Now, since FIS and Payment Alliance operate AMTs independently from any bank, this should, theoretically means that the system could be bank-agnostic, as opposed to some similar solutions, currently being rolled out by Bank of America and Wells Fargo, which use Apple Pay to make withdraws.
FIS and Payment Alliance's solution will work through a QR code app from FIS, which uses Touch ID for authentication and generates a unique QR that the ATM can read and process. The partners claim this will increase security by eliminating some common risks like skimmers and "shoulder surfing".
Buy Yours Here....
But, before we sound way too disappointed from Apple Pay for no apparent reason, we will be quick to note that where there is smoke, there is fire and all that hard work has led to some pretty nice features and services in the past few months. A perfect example is a new system that FIS and Payment Alliance intend to start rolling out this summer. Their goal is to enable cardless withdraws from ATMs with authentication being provided from Apple's Touch ID.
If everything pans out correctly, users should be able to eventually withdraw money using only their iPhone from one of over 70,000 AMT locations the two companies run across the US, including gas stations, stores, restaurants and shopping malls. Now, since FIS and Payment Alliance operate AMTs independently from any bank, this should, theoretically means that the system could be bank-agnostic, as opposed to some similar solutions, currently being rolled out by Bank of America and Wells Fargo, which use Apple Pay to make withdraws.
FIS and Payment Alliance's solution will work through a QR code app from FIS, which uses Touch ID for authentication and generates a unique QR that the ATM can read and process. The partners claim this will increase security by eliminating some common risks like skimmers and "shoulder surfing".
Buy Yours Here....
Unknown
This is a short description in the author block about the author. You edit it by entering text in the "Biographical Info" field in the user admin panel.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Moto G04 and Moto G24 announced with 6.6" IPS LCDs and Android 14Motorola announced two new affordable Moto G phones in Europe with the Moto G04 and Moto G24. Both phones feature 6.6-inch IPS LCDs with a ...
-
Honor starts beta testing MagicOS 8.0 based on Android 14While Samsung is already well on its way to reaching a dozen or more devices with the stable One UI 6 update based on Android 14, other man...
-
Amazing! Samsung registered 5,000 patents in the US last yearSamsung has been involved in a series of patent lawsuits over the past few years. After its patent wars with Apple and Nvidia , the So...
-
WhatsApp's Secret Code for Chat Lock lets you hide your locked chats from the chat listWhatsApp rolled out the Chat Lock feature in May to let users lock their chats with their device password or biometric, like a fingerprint....
-
Nokia to let go 14,000 employees after 20% dip in revenueNokia, the Finnish company that makes equipment for telecom networks, reported a 20% dip in sales QoQ. And to offset the impact it will let...
-
vivo X100 stops by Geekbench with its Dimensity 9300 SoCvivo's next flagship series is the X100, which may comprise of at least two - and up to three - models. The first one (or two) of them ...
-
Sony expects 20% drop in smartphone shipments this yearSony has published its forecast for the fiscal year ending March 31, 2017, revealing that it expects to ship a total of 20 million s...
-
Tecno Spark Power 2 arrives with 7" display and a 6,000mAh batteryLast month Tecno launched the Spark 5 budget smartphone and today the company added a new member to the Spark lineup, dubbed Tecno Spark Po...
-
Leak reveals AI-powered One UI 6.1 featuresA massive One UI 6.1 leak just came out over the weekend, revealing some AI-powered features coming to Samsung phones next year. The One UI...
-
Review: Sony Xperia XIntroduction There's a shift of command in the house of Xperia. The Sony Xperia X and its two siblings are taking over from...
Advert Enquiry?
Contact T4tek
Phone: +2348163042544
Email:jatmanium @gmail.com
taniumj@gmail.com
Twitter: @t4tekng
Facebook: facebook.com/Jatma Jacobi Tanium
BBM: 7F0BDF0B
Phone: +2348163042544
Email:jatmanium @gmail.com
taniumj@gmail.com
Twitter: @t4tekng
Facebook: facebook.com/Jatma Jacobi Tanium
BBM: 7F0BDF0B
No comments: