Wincor Nixdorf And Mahindra Comviva Partner To Enable NFC And QR Code Based Transactions At The ATM
MWC 2016, Barcelona, Spain – February 22, 2016 - Wincor Nixdorf , one of the leading providers of IT solutions to retail banks and Mahindra Comviva, the global leader in providing mobility solutions have collaborated to enable seamless transaction experience at the ATM. With advent of this new solution, consumers using mobile wallets powered by Mahindra Comviva ’s mobiquity® Wallet will be able to withdraw cash and top up their mobile wallets at the ATM by simply scanning or presenting a QR code or use their NFC enabled mobile device.
The solution will be presented at this year’s Mobile World Congress ( Booth 5G51/HALL 5 ), showcasing how innovative ATM solutions can be integrated seamlessly into the mobile payments ecosystems. This solution is an ideal example of how electronic and cash payment transactions can be combined perfectly with each other and will extend the benefits of HCE beyond the retail store.
Wincor Nixdorf offers an extensive server/client-based solution for the self-service channel with a vendor-neutral, open interface, theOpen Wallet Interface. Mahindra Comviva supports Wincor Nixdorf’s Open Wallet Interface in order to enable mobile wallet users to make withdrawals and deposits at ATMs with their cell phone. Users can steer their own ATM transactions via mobiquity® Wallet from Mahindra Comviva, which meet NFC (HCE) and QR code standards, and save time at the ATM by mobile prestaging of their cash transactions.
Commenting on the partnership, Srinivas Nidugondi, Senior VP and Head of Mobile Financial Solutions at Mahindra Comviva, said “We are continuously innovating to ensure that the consumers get a seamless transaction experience. Collaboration with Wincor Nixdorf will help in boosting our consumer focus by enabling mobile wallet transactions at the ATM using new age technologies like NFC and QR code. The NFC offering will ride on our mobiquity® Wallet’s HCE rails to enable secure communication between the consumer’s phone and the ATM through a token based transaction. Our cooperation with Wincor Nixdorf is significant, because ATMs have been proven to be a secure, reliable and highly automated service channel.”
Hermann Salmen, Head of Mobile Financial Solutions at Wincor Nixdorf said “ATM Networks as a sales and service channel will play an increasing role in the mobile wallet strategy of providers to deliver an omni-channel-experience and higher security in interacting with their customers”. He further added “With standardized interfaces, such as the Open Wallet Interface for mobile wallet solutions, we make integration easier and support mobile wallet providers with extensive services – from installation to operation of complete ATM networks”
Mobile payment solutions have seen widespread adoption globally. New market players from the telecommunications and FinTech sector are establishing themselves in markets that are now dominated by banks, offering their customers innovative, mobile transactions. That will give rise to new standards in digital payment transactions, such as NFC and HCE (host card emulation), with the potential to complement and in some cases substitute traditional card payment, as well as offering a quick, easy, secure and innovative means of withdrawing and depositing cash at automated teller machines.
*mobiquity® is registered trademark in India
About Mahindra Comviva
Mahindra Comviva is the global leader in providing mobility solutions. It is a subsidiary of Tech Mahindra and a part of the USD 16.9 billion Mahindra Group. With an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions, Mahindra Comviva enables service providers to enhance customer experience, rationalize costs and accelerate revenue growth. Its mobility solutions are deployed by over 130 mobile service providers and financial institutions in over 90 countries, transforming the lives of over a billion people across the world. For more information, please visit www.mahindracomviva.com
About Wincor Nixdorf
Wincor Nixdorf is one of the world's leading providers of IT solutions and services to retail banks and the retail industry. The main focus of the group's comprehensive portfolio lies on business process optimization, especially in the branch operations of both sectors. Wincor Nixdorf has established a presence in around 130 countries around the globe, giving it an outstanding profile when it comes to customer proximity. The parent company has subsidiaries in 42 countries. The company also places great importance on building close relationships with sales partners that have an excellent knowledge of the local requirements and conditions on the customer side. Wincor Nixdorf has a total workforce of around 9,000 people. Over half of those are based outside Germany. For more information, please visit http://www.wincor-nixdorf.com