Smart ATMs - using your phone to access.

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Forums › Finance and wealth management › Smart ATMs - using your phone to access.

GSManiac

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#275995 20-Sep-2020 22:15

A lot of bank atms now allow you to tap your payWave enabled bank card on the ATM rather than sticking your card into the slot. This is handy.

But what would be even handier, is if I could do this using the NFC from my device either through Apple Pay /Google Pay or via the banking app.

there’s been a few times where I’ve only had my phone on me and needed cash. Would be handy to be able to go to an ATM, tap my phone, enter my pin on the ATM and bingo. Cash.

Is this feasible or too niche of a usage case to bother with.

Oblivian

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#2568865 20-Sep-2020 22:40

Bit of a gotcha I found. Thinking it would treat it like my eftpos card - using 'instant cash' function and not thinking much of it. Since my paywave enabled is a pure credit card, it cash-advanced so you get the old instant interest slap.

GSManiac

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#2568866 20-Sep-2020 22:45

Sorry I may not have explained properly.
It’s not to access money off the credit card but merely as a means of authentication on the ATM to access any of your bank accounts.

Oblivian

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#2568868 20-Sep-2020 22:49

No, You did.

I was just pointing out for anyone who hasn't used a machine in a while and thought 'hey that's neat' There's a bit of a gotcha :)

Seems there's something smart that only the card triggers with both google pay and Apple pay unable to trigger it.

The banks basically say, no go-away. Guess it's maybe seen as an extra security layer

https://help.anz.co.nz/app/answers/detail/a_id/1057/~/using-google-pay-at-contactless-atms%2C-in-branch-or-to-withdraw-cash

https://help.anz.co.nz/app/answers/detail/a_id/517/related/1

elpenguino

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#2568869 20-Sep-2020 22:50

Mebbe up to a certain amount and then PIN or fingerprint required (on the phone).

Otherwise, possession of your phone = much easy cash for robbers.

Most of the posters in this thread are just like chimpanzees on MDMA, full of feelings of bonhomie, joy, and optimism. Fred99 8/4/21

GSManiac

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#2568871 20-Sep-2020 23:01

Once again, maybe I haven’t explained it properly.

You’d still use a pin on the ATM. The phone is merely an account identifier like a bank card currently is.
Currently You can either put your card in the slot and enter you pin or you can tap it on the atm and enter the pin.
The phone would simply be an extension of that. You tap your phone on the ATM then enter you pin. You can now access your banking accounts as per normal.

I thought it was simple enough scenario to explain.. Guess not.

Oblivian

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#2568876 20-Sep-2020 23:41

Looking deeper - it's appears it's slightly different technology.

Banks appear to get equipment certified and enabled with EMV only first. (Guess it's more likely to make use of the chip write feature when a phone tends to be read-only?).

The original spec doc from NCR blurbs the future enablement of NFC. Guess the banks have a different idea here. Cause Australia has it enabled since 2018

https://mobilepayments.anz.com/no-wallet-atm/

While per above, they go NOPE! here without the 'digital wallet' we started with before it moved to google pay.

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Delphinus

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#2568980 21-Sep-2020 09:27

GSManiac: I thought it was simple enough scenario to explain.. Guess not.

I know what you mean, and tried to do it a few years ago when phone paywave used the actual banking app (ANZ Gomoney etc) rather than Google Pay. I called the bank to ask why it wasn't possible and they said your phone sends a 'virtual card' number which isn't an exact duplicate of your actual credit card.

sbiddle

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#2571670 22-Sep-2020 07:35

It is interesting that ANZ haven't launched this here yet, it was something that was supposed to launch a couple of years ago after Google Pay and was one of the main reasons they enabled the functionality on their ATMs, but I'm guessing it's probably not deemed as important as all the other projects that are happening, and massive projects such as bs11 sucking all the resources and project money out of the Aussie owned banks.

When you use Google Pay it's effectively just a virtual card number that is linked to your account - so there is zero reason why it can't authenticate you as a cardholder. It's also very easy for ANZ to offer virtual credit card numbers, which is something I wish just a single bank in NZ would offer because everybody else would then be forced to copy when people realise how great they are.

Do any banks apart from ANZ actually have NFC enabled ATM's? When I use an ATM it's typically an ANZ one because they're the closest to me, but I certainly haven't seen it enabled on any from other banks.