ATM for the digital natives target group wins the Red Dot Design Award

Published: 2 May 2016 y., Monday

Wincor Nixdorf has received the renowned Red Dot Design Award for a new automated teller machine at which customers can withdraw cash via a smartphone or NFC card. The Red Dot Design Award is conferred by Design Zentrum Nordrhein-Westfalen and is one of the most prestigious design competitions in the world. In awarding the Red Dot for the innovative CINEO C2020 ATM, Design Zentrum Nordrhein-Westfalen has again recognized Wincor Nixdorf’s outstanding design skills. Wincor Nixdorf has received numerous distinctions in previous years for the design of its automated teller machines, cash recycling systems, and self-service terminals.

This time, the award went to an ATM that has been designed mainly with digital natives in mind. At the CINEO C2020, smartphone users can initiate cash withdrawals via an app that features the branding of the bank they use. The advantages of this new system are that cash is dispensed quickly in a convenient and secure way and that it can also be dispensed to third parties. For banks, certification and integration of the new systems in their existing networks is extremely simple since the CINEO C2020 uses standard software technology.

Banks everywhere are responding to digitalization by integrating mobile technologies into all their customer channels. When banks enable cash withdrawals at their ATMs via smartphone, they present themselves as innovative financial institutions that keep up with today’s trends, and increase the likelihood that smartphone users among their customers will perceive them as attractive financial partners.

The smart ATM is operated via a mobile banking app that Wincor Nixdorf provides to banks. With this app, bank customers can already choose the account and the amount they want to withdraw while they are on their way to the ATM. They then receive a QR code, which they scan at the ATM’s QR code scanner to identify themselves. NFC technology is also available for authentication as an alternative to the QR code. When cash is withdrawn using an NFC card, bank customers enter their PINs using a special encrypting touch sensor.

In addition to its modern operating concept, this smart ATM benefits users with its fast, convenient and secure transaction processing. And since the system has a contactless reader and an encrypted touchscreen for PIN entry, the risks of card trapping and skimming attacks are eliminated.

This year, a record number of over 5,200 products from 57 nations were assessed in the Red Dot competition. The Red Dot jury consisted of independent designers, design professors and trade journalists.

Šaltinis: wincor-nixdorf.com
Copying, publishing, announcing any information from the penki.lt portal without written permission of penki.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

The smart way to cash: Newly designed ATM offers fast service via mobile phone

Wincor Nixdorf is now launching a new automated teller machine (ATM) on the market that allows customers to withdraw cash using a smart phone or a near-field communications (NFC) card. more »

The Colombian financial institution Bancolombia hands over the operation of its self-service systems to Wincor Nixdorf

Wincor Nixdorf has received a three-year contract from Bancolombia for the operation of its 1,160 self-service systems. The bank also ordered 800 ProCash 280 automated teller machines. more »

Volksbank Riesa eG redesigns headquarters with innovation with Wincor Nixdorf

Wincor Nixdorf has received the order for a comprehensive branch transformation project from Volksbank Riesa eG. more »

LeKiosk offers customers one-click mobile payment with Gemalto operator billing solution

Gemalto, the world leader in digital security, announces that LeKiosk, France's leading distributor of digital magazines, is deploying its Netsize direct and online operator billing solution​. The end-user benefit is one-click mobi​​le payment for digital magazine downloads charged directly to their regular phone bill. more »

Governors of the central banks of the Baltic States: Lithuania joining the euro area would benefit the whole region

As the decision of the European institutions on inviting Lithuania to join the euro area approaches, the governors of the central banks of the Baltic States, claim that joining the euro area would strengthen not only Lithuania, but the whole Baltic region as well. more »

“Woman of the Year” Award went to the Chairwoman of the Board of the Largest Bank in Kazakhstan

Online magazine “Vlast” has awarded the first winner of “People of the Year” awards in a category “Woman of the Year”. Chairwoman of the Board of AB “Narodny bank Kazachstana” Umut Shayakhmetova who has been holding this position since 2009 became the winner of this award. more »

Best ATM technology: CINEO systems receive award

Wincor Nixdorf has won the "Innovation in Technology and Transaction Banking Award 2013" in the category "Best ATM Technology" presented by the prestigious English-language magazine The Banker. more »

The first cash dispensing machine in the world was installed 46 years ago

The first machine dispensing cash money without operator involved – Automated Teller Machine (ATM, cash dispenser) was installed in Enfield, north London, on July 27, 1967. more »

Barclays credit rating outlook cut by Moody's and S&P

Rating agencies Moody's and Standard and Poor's have lowered their outlook on Barclays from stable to negative amid the bank rate-rigging scandal. more »

Barclays COO Jerry Del Missier resigns

The interest rate rigging scandal at Barclays claimed its third high-profile victim late on Tuesday when chief operative officer Jerry Del Missier resigned with immediate effect. more »