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ATM

Withdraw cash from ATMs simply and securely via mobile phone

Anyone with a cell phone can securely and conveniently use their phone to withdraw cash from an ATM. This revolutionizes mobile money by attaining “SIM card-present” security level and opening ATM services to the billions of un-banked mobile phone owners. All existing cell phones can be used without prior enrollment or special apps and all ATMs are NSDT-ready without any hardware modification.

Carlos receives money transfers from his son directly to his mobile phone. He avoids long cues at the money transfer agency by withdrawing the cash sent to him from an ATM.

ATM: How it Works

Customers

TagPay customers can withdraw cash from ATMs using their cell phone to authorize the transaction. The customer’s stored value account is loaded through the various encashment channels such as salary disbursement, micro loans, and remittances which are built into the TagPay platform.

ATMs

Banks can offer cash withdrawals from their ATMs to all TagPay customers, regardless of whether the customer is banked or not. With a simple software installation any ATM can provide quick and user friendly mobile money withdrawals with similar ergonomics to card cash withdrawals.

TagPay ATM Withdrawal

Withdrawals using TagPay are done as follows:

The customer enters their phone number and secret pass code in the ATM terminal.
TagPay verifies this information and invites the customer to enter the amount of cash that they wish to withdraw.
If the amount is authorized, TagPay calls the customer’s phone.
As soon as the customer answers the call, TagPay sends an NSDT™ chirp to the ATM and the transaction is authorized once the customer’s phone hears it.
The customer’s TagPay account is debited and the cash is delivered.

In addition to offering ATM services to the unbanked, banks can offer mobile-enabled ATM services to their existing customers. By associating a customer’s phone number with their bank account, customers may use their phone to withdraw money from their bank account at an ATM.

ATM: Benefits

ATM services can be accessed using any mobile phone in the world
Extremely Secure—the phone must be physically present to with draw cash from the ATM
Simple to use—just answer a phone call and bring your phone towards the chirp
Low cost and rapid time-to-market: no hardware deployment
Opens ATM services to unbanked populations

ATM: Case Example

Syrse

Syrse has installed NSDT™ software on all the ATMs belonging to a group of banks in Tunisia. The service offered is called CasyCash and enables national mobile money transfer that use cash-out via the ATMs.