ATM maker Diebold Nixdorf plans to unveil its smallest EMV-enabled payment terminal yet, a self-checkout unit that’s designed to fit into small retail spaces and supports cash, cards and contactless payments, but lacks a magnetic stripe reader, the company said in a Jan. 9 press release.
The Extreme Self-Checkout Concept is less than 10 inches wide, or 1.5 times the width of a U.S. dollar bill, and can be configured to serve as a retail payment terminal or an ATM with various additional payment services when linked to a Diebold Nixdorf mobile app, according to the release.
“The concept’s extremely small footprint enables retailers to free up valuable floor space and it further eliminates the risk of card fraud by exclusively reading the card’s EMV chip versus the entire magnetic stripe,” Diebold Nixdorf said in the release.
Retailers with Diebold’s TPiSHOP mobile application may connect the Extreme Self-Checkout Concept to the mobile app, enabling consumers to build shopping lists from home and receive tips on the quickest route through the store, with personalized ads and purchase suggestions, the release said, noting that retailers may use that approach to add other services including bill-payment, check cashing and cash back.
“As banks and retailers seek to enhance consumer experiences, the line between physical and digital channels will continue to blur. This concept enables retailers to embrace the future of consumer transactions while utilizing their current infrastructure and technology,” said Richard Harris, Diebold Nixdorf’s vice president of design and new technology incubation, in the release.
Diebold said it will showcase the unit on Jan. 15 in New York at the National Retail Federation’s BIG Show.