NCR Corp. today announced a partnership with PayPal and S1 Corporation to enable real-time person-to-person payments from its bank's ATMs to eligible customers with a mobile phone or e-mail address. This service will initially be available in the U.S. with the ability to send money to people in more than 60 countries around the world, according to a press release.
NCR made the announcement at the BAI Retail Delivery Conference in Chicago held Oct. 11-13.
After authenticating themselves at NCR's SelfServ ATM, consumers will have an option to send money to an individual. To do so, they will enter the recipient's email address or mobile number, choose an amount to transfer, and the money will be credited to the recipient's PayPal account. If the receiver does not have a PayPal account, then he or she will need to enroll for a PayPal account in order to receive the funds.
"The ATM channel continues to play a powerful role in delivering new, multichannel financial services to consumers," said Michael O'Laughlin, senior vice president, NCR Financial Services. "This solution is just an early foray by NCR to extend person-to-person payments options around the world."
The person-to-person payments offering will be available to banks running on the S1 payment platform and using NCR APTRA Edge in the U.S. NCR anticipates the service being available beginning in the first quarter of 2012.
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