DULUTH, Ga.-NCR has introduced new ATM software that will allow consumers to withdraw cash using their smartphones.

The consumer can use the embedded functionality to scan the 2D barcode on their phone on any participating ATM's home screen, and the pre-staged cash transaction will be authorized and funds dispensed.

"NCR Mobile Cash Withdrawal will help financial institutions meet their customers' expectations in the mobile channel, and help them deliver a differentiated and faster converged-channel experience," said Michael O'Laughlin, senior vice president, NCR Financial Services.

The solution requires no additional ATM hardware such as barcode scanners or near field communication readers. It can be deployed with just a simple software upgrade, making it an affordable multi-channel solution for financial institutions.

No consumer data is stored on the device or contained within the on-screen 2D barcode. Rather, scanning the barcode only identifies the location of the ATM and prompts fulfillment of the transaction. In turn, using a mobile device eliminates the threat of ATM skimming devices used by criminals.

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