Partnering Bank Machine
Global online cash payments provider, Ukash and independent ATM operator, Bank Machine, have joined forces to give consumers more flexible access to cash. Consumers can now convert Ukash codes into cash at Bank Machine ATMs across the UK without the need for a debit or credit card following the launch of this unique new service.
“The partnership between Ukash and Bank Machine, the longest-established independent ATM operator in the UK, will make Bank Machine the first non-bank operator to offer cardless cash withdrawals at ATMs,” said David Hunter CEO, Ukash.
Stephen Hart, Business Development Manager, Bank Machine added: “At Bank Machine, our constant focus is on increasing consumer access to cash through our ATMs. The partnership between Ukash and Bank Machine certainly achieves that, and this innovation clearly demonstrates that ATMs can provide services that complement those offered on the internet. We look forward to offering this service to customers on more than 3,000 Bank Machine ATMs across the UK.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
