MagTek, a provider of mobile payment security solutions, and Payment Alliance International, a provider of ATM processing, maintenance services, equipment sales and support, have teamed to offer MagTek QwickCodes for cardless transactions at 74,000 ATMs in the PAI network.
The solution allows consumers to withdraw cash from ATMs and pay for goods and services in-store and online without a card, eliminating the risk of compromising sensitive payment information or consumer identity in a transaction, the companies said.
“QwickCodes … replaces the card present data with a dynamic token that can only be used one time,” said MagTek President and CEO Mimi Hart. “QwickCodes are easily created, shared and used at the ATM and offer consumers more choices to help them experience an easy and reliable payment experience while keeping their actual card data away from hackers.”
For more on this story visit the following link: PAI to deploy MagTek cardless ATM, mobile payment product
Source: Mobile Payments Today