Fiserv expands reach of CardFree Cash program

 In News

Fiserv Inc., a provider of financial services technology solutions, has announced that retail ATM manufacturers Nautilus Hyosung America, Genmega and Triton now support CardFree Cash from Fiserv on their retail ATM terminals.

This expanded availability allows retail providers to offer smartphone-carrying consumers more ATM locations to easily access their cash without a physical card, the company said in a press release.

“Research shows the need for cash isn’t going away and consumers expect greater speed, ease and convenience in accessing their money,” said David Keenan, Fiserv senior vice president of product management for card services. “CardFree Cash from Fiserv enables ATM operators to satisfy the growing demand for secure, immediate cash disbursement across a range of P2P, B2C and self-service environments.”

NationalLink, an ISO with 15,000 ATMs, is enabling CardFree Cash at its ATMs, and payments processor Worldpay recently announced the capability to support the feature at more than 19,000 ATMs, the release said.

“NationalLink is continuing to evolve to add value for the consumer, industry partners and financial institutions,” NationalLink President Sam Kandah said in the release. “Cardless cash is at the forefront of providing convenient and secure cash withdrawals from the palm of your hand.”

ATMs enabled with CardFree Cash offer the opportunity for incremental income through more frequent ATM use. This, in turn, can have a positive effect for retailers with an increase in foot traffic, according to Fiserv.

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