Wired News - Diebold Nixdorf Partners with Mastercard to Launch New Digital Solutions for the ATM Channel
LONDON, UK / ACCESSWIRE / June 6, 2018 / If you want access to our free research report on Diebold Nixdorf, Inc. (NYSE: DBD), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DBD as the Company's latest news hit the wire. On June 04, 2018, the Company, which is a world leader in driving connected commerce, declared that it is partnering with the leading global payments and technology Company, Mastercard Inc. (NYSE: MA), to introduce two new services – Mastercard Cash Pick-Up and Cardless ATM powered by Mastercard – to provide cash to those who need it. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Diebold Nixdorf and Mastercard most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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About Mastercard Cash Pick-Up Service
This solution permits banks to deliver cash quickly, securely, and easily to any authenticated consumer, whether banked or unbanked. This cash is delivered through enabled-ATMs, without the use of any card. Therefore, it provides ATM channel access to under-banked consumers. Besides, it also helps financial institutions and ATM deployers to enhance their revenue through increased transaction volumes.
About Cardless ATM Service Powered By Mastercard
This solution provides accountholders the option to withdraw cash from their nearest ATM through their mobile banking app, without their card. Once the consumer is at the ATM, he needs to navigate through the authentication process to receive his cash. The majority of the transaction is completed through the banking app and the cloud, which ensures the safety of sensitive information. Therefore, this solution makes transactions more secure, convenient, and transparent for consumers.
Enhancing Consumer's ATM Experience
These new services are in-line with Diebold Nixdorf's aim of enhancing consumer's ATM experience by integrating physical and digital worlds of cash transactions through mobile technology. Mobile technology is increasingly aiding and influencing the global ATM industry. The convenience of digital transactions helps people access, deposit, or send cash at their own ease. In fact, it also helps banks solidify consumer relationships to secure the transaction.
These new solutions are meant to serve consumers regardless of whether they have a bank account or not. These solutions are being exhibited at the Mastercard showcase at Money20/20 Europe, which is being held from June 04 – 06, 2018, in Amsterdam.
Daniel Goodman, Senior Vice President at ATM Product Management at Mastercard, shared that this partnership has provided Mastercard a significant opportunity to define the next wave of digital products to the ATM channel. This partnership would leverage MasterCard's extensive network and Diebold Nixdorf's large global scale to move the ATM industry towards a globally-scalable standard for driving digital innovation in the ATM channel.
Similarly, Alan Kerr, Senior Vice President, Software, at Diebold Nixdorf, stated that though this partnership, Diebold Nixdorf aims to bridge the digital and physical worlds of cash by innovating the ATM experience for consumers through its Vynamic™ suite of software solutions. Many of the Company's customers are seeking options for retaining customers and driving incremental transactions to their self-service channels. Kerr believes this partnership with Mastercard would help in both these aspects.
Stock Performance Snapshot
June 05, 2018 - At Tuesday's closing bell, Diebold Nixdorf's stock dropped 1.23%, ending the trading session at $12.05.
Volume traded for the day: 911.22 thousand shares.
Stock performance in the last month – up 2.55%
After yesterday's close, Diebold Nixdorf's market cap was at $913.39 million.
The stock has a dividend yield of 3.32%.
The stock is part of the Technology sector, categorized under the Diversified Computer Systems industry. This sector was up 0.4% at the end of the session.
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