Credit Suisse: going ATM with only a smartphone

9 years ago - Published in Finance, Fundamental Analysis

Customers of Credit Suisse will soon be able to operate at the ATM through his own smartphone. Cash transactions, such as deposits and withdrawals, may be made without using the card and the starting date is set for next Tuesday, 12th of July. It is the first bank in Switzerland to offer this possibility.

According to a press release today, about 330 ATM of Credit Suisse and its subsidiary, Neue Aargauer Bank, have been equipped with the technology to "Cardless Loyalty Cash", the new feature in the app institute called Private Banking Switzerland.

On his cell phone the customer determines how much they want to take or pay then receives a QR code to be read by ATMs. According to Credit Suisse, it is also possible to make transactions on accounts of which you do not have a card. In addition, the generated code from the app can be sent to third parties to allow them to withdraw or transfer the sum choice.