NCR Corporation, the global leader in consumer transaction technologies,announced that ANZ and NCR will introduce the world’s first EMV secure ATM ‘Tap & PIN’ Near Field Communication (NFC) solution that reads card data without having to insert the card in the reader which helps to increases defense against skimming.
ANZ Australia CEO Philip Chronican said: “The growing dependence on technology means customers want simpler and faster ways to bank – but they also want to know their money is secure. This ‘Tap & PIN’ technology will go a long way in the fight against card skimmers and to make banking safer and easier for customers.”
This solution will also speed up the ATM transaction and scale to integrate future NFC and contactless devices for authentication and pre-staging transactions at ATMs, using a mobile phone or other portable devices, allowing customers to pre-program their mobile device with the value and denomination for the cash they want to withdraw.
“NCR is working closely with financial institutions to understand the challenges they face and introduce innovative technology to address them. This first-ever EMV-encrypted ATM technology reiterates our commitment,” said Andrew Brown, NCR region director for financial industry. “We are privileged to be associated with ANZ to assist them to integrate NFC technology for ATM transactions as it offers customer more convenience, faster transactions and secure transaction against card skimming.”