Paydiant Mobile at ATMs

The mobile payments company Paydiant has just received a patent for an app that stages cash withdrawals from ATM machines.

Digital Transactions has a write-up on this news.

http://www.digitaltransactions.net/news/story/4479

Here is a snippet from that article:

To use the feature, a customer logs into his bank’s mobile-banking application, touches a button labeled “Get Cash” or something similar, and indicates the amount of the withdrawal. The application sends a token to the user’s device linking the user, his account number, and the requested transaction.

Later, at one of his bank’s ATMs, the user pushes a “mobile” button on the ATM screen and scans a quick-response (QR) code displayed on the screen to identify himself and trigger cash dispensing via an encrypted connection to a cloud server.
Happy reading,

J.W. Gant