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Fiserv Combines Wearables and iBeacons for ATM Withdraws

Fiserv Combines Wearables and iBeacons for ATM Withdraws

This post is part of our live coverage of FinovateFall 2015.

FiservLogoNext, Fiserv showed how users can withdraw cash from an ATM using wearables and iBeacons:

Fiserv understands that consumers are increasingly demanding more impactful banking experiences from their financial institutions. Built on Fiserv’s globally proven Mobiliti™ platform, this demonstration shows how a consumer can withdraw cash from an ATM without a card by using banking dependent upon wearables and location services with iBeacons/Bluetooth low-energy. This new innovation delivers a rich and compelling banking experience that brings digital and offline together.

Presenters: Andrew Barnett, principal technical sales consultant; David Carr, innovation manager

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Product launch: September 2015
Metrics: $5.1 billion revenue in 2014; publicly traded; 21,000 associates worldwide; 13,000 financial institutions and business clients worldwide
Product distribution strategy: Through financial institutions

HQ: Brookfield, Wisconsin
Founded: July 1984
Website: fiserv.com
Twitter: @Fiserv