Mobile payment systems have been moving toward NFC technologies, with Google Wallet and other NFC-based systems like ISIS. This requires the use of a device with an NFC chip, and NFC-enabled pay stations.
NCR Corporation has something different in mind with their QR code-based ATM withdrawal system called NCR Mobile Cash Withdrawal. While not exactly a point-of-sale system like Google Wallet, it allows you to get money from any supported bank’s ATM. The technology does not require any new hardware on either end for it to work. NCR is using standard QR codes that can be scanned by any Android device with a camera. A user simply needs to have the NCR app installed, walk up to a supported ATM, scan a code, and withdraw money. No passwords are swapped between the phone and the ATM, so ATM password skimmers become useless.
Without more information, it’s difficult to say how secure this system is, but NCR is planning implementation this year and is currently looking for banks “with an innovative spirit” to partner with.
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