Fintech provider FIS and independent ATM deployer Payment Alliance International have announced a partnership that will allow consumers to withdraw cash from a retail ATM without using a debit or credit card.
According to a press release, the partnership will enable the FIS Cardless Cash mobile app for use at PAI ATMs across the U.S. In time, the companies plan to make the capability available across the entire PAI nationwide network of 70,000 ATMs.
“Our partnership with PAI extends FIS leadership to the largest cardless cash ecosystem, and will benefit both banks and their customers,” said Anthony Jabbour, chief operating officer for banking and payments at FIS. “Our cardless cash product combines innovation and efficiency with consumer convenience and security. For banks, it’s a new revenue source, and this widespread network should facilitate customer adoption.”
FIS Cardless Cash leverages the FIS Mobile Banking app with TouchID to allow consumers to authorize a cash withdrawal, then complete it at the ATM within 10 seconds and have an electronic receipt sent to their smartphone, the release said.
“Our clients are always looking for ways to improve their offerings, drive more revenue and surpass customers’ expectations,” said John J. Leehy III, president and CEO at Payment Alliance International. “This partnership brings the latest in transaction security to the PAI ATM network, while enhancing customer convenience and improving their overall ATM experience.”
“Adding retail ATM locations to our Cardless Cash ecosystem brings the best in convenient access to customers,” said Douglas Brown, SVP and GM of FIS Mobile. “We want to make mobile-centric access to cash a ubiquitous experience.”
FIS Cardless Cash is an interoperable platform for banks, ATM operators and networks. The technology was introduced in 2015; according to the release, 34 banks across the U.S. are active on the platform.