The ATM is one of the oldest self-service technologies in banking, and mobile is one of the newest. But surprisingly, this odd couple of technologies has a lot of synergy. (Image: iStock)
Wintrust Financial is expanding use of a mobile app that lets people set up ATM transactions from a smartphone. Because the system does not require the use of an ATM card, it eliminates the risk of account compromise through skimming devices. (Image: iStock)
Bitcoin Wallet Access
Robocoin's Bitcoin ATMs, which let people buy the digital currency by depositing physical cash (and vice versa), require a phone as part of the enrollment process. To use the machine, consumers must receive a verification code on their mobile phones, and then input that code alongside a PIN. (Image: Shutterstock)
Paydiant has a patent for technology that lets consumers use a smartphone to withdraw cash from an ATM. It claims the process, which uses QR codes to link the two devices, can cut ATM session times in half, to 10 seconds instead of 20. Wintrust is one of its customers. (Image: Thinkstock)
Cardtronics is testing a system that provides location-based offers to ATM users. The ATM prints an offer on the receipt, and the consumer uses the Cardtronics ALLTM app to scan the offer to redeem at a nearby merchant.