Sunday, November 24, 2024

No Touch: You can withdraw money without touching the ATM machine, this government bank has started the facility

In the midst of the Corona crisis, social distancing is being considered the best way to prevent this serious disease. In the last year, with the help of technology, efforts are being made to make everything contact-equipped. Meanwhile, we have got QR codes, Wallet, UPI, and contactless debit and credit card technology to make payments. But still, we have to touch the ATM machine to get the cash. Although some banks provided the facility of contactless banking, you had to touch the machine to actually give the command. 

But now the ever-advancing technology has made this possible too. Now with MasterCard ATM card users can withdraw money from ATM machines without touching it. According to the news published in the English newspaper Mint, this Mastercard has tied up with ATM maker AGS Transact Technology. With this technology, the user can do 100% contactless transactions. 

Read More: If the person who took the loan dies, can the bank do the coercion? Who will return the loan?

How will the contactless transaction happen? 

According to the company, with this new technology, ATM transactions have become completely contactless. For this, users will have to scan the QR code of the ATM machine from their mobile app. After scanning, all the ATM options will come on the phone and further process will have to be done on the phone. After this, you have to enter the PIN and amount of the debit card on the phone. Once the process is completed, the money will be withdrawn from the ATM machine. 

Bank of Baroda started the facility

This technology of AGS technology was first adopted by the Bank of Baroda. Now withdrawing money from ATMs has become 100% contactless. For this, slight changes have been made in the software of bank ATMs. Apart from this, changes have also been made to the ATM switch. The company has also presented its technology to NPCI.

spot_img
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Latest

X changed its monetization policy, Elon Musk made a big change

The social networking platform X has decided to modify its artists' monetization approach. Users will now be less reliant on adverts as a result...

New feature given in the KTM 250 Duke, comes for Rs 2.5 lakh

The KTM 250 Duke's latest version is on the market. The TFT LCD on the KTM 250 Duke is new. Along with this, LED...

Apple to launch iPad Mini 7 on this day! know the details before launch

The iPhone 16 series is the newest iPhone series that Apple has released. Apple released four phones in this series: the iPhone 16, iPhone...

EMI to remain expensive, RBI makes no changes in the repo rate

The burden of high EMI is not alleviated. The 6.50 percent policy rate has been sustained by the Reserve Bank of India. This declaration...

Assistant Professor Recruitment in Delhi University, this is the last date

An announcement for Recruitment has been made by Delhi University for the position of Assistant Professor. The University (DU) has made this position available...

Most Popular

Subscribe

* indicates required