Diebold unveils contactless mobile payment self-checkout concept for retail market

self check outDiebold, Incorporated, a provider of innovative self-service solutions to top retailers, is introducing a new mobile-enabled self-checkout concept. Building on Diebold’s omni-channel expertise in the financial services industry, the new concept combines the core capabilities of the automated teller machine (ATM) with the convenience of contactless mobile payments and self-checkout.

With in-store mobile payments expected to reach $118 billion by 2018, consumer acceptance of digital wallets and mobile payments continues to blur the line between the banking and retail consumer experience.

Introducing simplicity to the in-store shopping experience, the new concept enables consumers to scan items they want to purchase while shopping in-store via their mobile device. Once a consumer is ready to pay, they simply tap their phone at the self-checkout unit to pay for the items when exiting.

Payment is made via pre-loaded card information found in the consumers’ mobile wallet within the retailer’s mobile app or cash inserted into the terminal. Cash-back can also be offered through the checkout terminal, which can function as an ATM. This process eliminates traditional checkout lines and increases consumer loyalty through the use of stored-value cards, mobile marketing campaigns and membership rewards programs.

“As a proven leader in delivering financial service solutions to top retailers, we see many similarities between the worlds of banking and retail. Our omni-channel expertise has enabled us to reimagine the use of our fast, secure ATM technology to power the new, mobile-enabled self-checkout,” said Frank Natoli, Diebold executive vice president, self-service technology. “A convergence of the ATM, self-checkout and mobile would not only deliver speed and convenience to consumers, but also standardizes all cash handling into a single automated experience.”

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Categories: Mobile Payments, Other

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