As mobile technology changes the way Americans access their money and the extent to which they use physical currency, cash remains the most widely used form of payment. Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that leading retail ATM manufacturers, including Nautilus Hyosung America, Genmega and Triton, now support CardFree CashSM from Fiserv on their retail ATM terminals, giving consumers more locations to easily access their cash in a secure and convenient manner without a physical card.
"Research shows the need for cash isn't going away and consumers expect greater speed, ease and convenience in accessing their money," said David Keenan, senior vice president, Product Management, Card Services, Fiserv. "CardFree Cash from Fiserv enables ATM operators to satisfy the growing demand for secure, immediate cash disbursement across a range of P2P, B2C and self-service environments."
Independent Sales Organizations (ISOs) such as NationalLink, a leading ISO with 15,000 ATMs, are enabling CardFree Cash at their ATMs. In addition, leading payments processor Worldpay recently announced the capability to support CardFree Cash at more than 19,000 ATMs. This expansion adds to the thousands of ATMs already enabled with CardFree Cash, offers the opportunity for incremental income through more frequent ATM use and positively impacts foot traffic in retailers' stores as consumers seek out cardless cash-enabled ATMs.
"With more than 21 years of ATM deployment, NationalLink is continuing to evolve to add value for the consumer, industry partners and financial institutions," said Sam Kandah, president of NationalLink, one of the largest privately-owned ATM companies in the country. "Cardless cash is at the forefront of providing convenient and secure cash withdrawals from the palm of your hand."
CardFree Cash has been consistently recognized for digital innovation in payments technology. Introduced by Fiserv in 2015, the cardless cash solution has also been cited as a change agent and industry leading business technology.
In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today — financial services at the speed of life. Learn more at fiserv.com.
Additional Resources:
- Cardless ATMs - The Evolution of Cash Access - https://www.fiserv.com/
resources/cardless-atms- evolution-cash-access-white- paper.aspx - CardFree Cash - www.fiserv.com/cardfree-cash
- Accel® from Fiserv - www.accelnetwork.com