What's New in Payments

Mastercard to pilot cardless ATM withdrawals

It’s app, tap and go at ATMs thanks to Mastercard and Diebold Nixdorf — Mastercard — “Here’s how it works: Consumers open their bank’s app on their smartphone. They use the app to find nearby ATMs, choose the amount they want to withdraw and see the associated fees. Once at the ATM, they quickly snap or tap, often by scanning a QR code, authenticate using optional biometrics on device, and take the dispensed cash.”