OCBC Bank customers can perform ATM cash withdrawals using QR codes

OCBC Bank customers can use their OCBC Pay Anyone mobile app to perform cash withdrawals by just scanning a QR code.

Neither an ATM card nor pin is needed as authentication is securely performed on the bank's mobile application by using the customer's credentials, i.e., fingerprint, faceprint or mobile banking login details.

With this more secure method of ATM cash withdrawal, the transaction time is reduced to less than 45 seconds, while the usual physical ATM card and PIN entry routine takes 80 seconds.

The old method is less secure as the ATM card can be skimmed and duplicated, and PINs can be compromised easily, unlike biometric data and mobile banking login details.

This new QR code ATM cash withdrawal service is available to all OCBC customers at all OCBC ATMs except the 22 new ATMs that accept both coins and cash deposits.

To withdraw cash at any OCBC ATM using a QR code:

For OCBC customers who choose to use this newly available service will have to select the "Withdraw cash with OCBC Pay Anyone" on the ATM screen.

They will be prompted to scan a QR code on the screen through the OCBC Pay Anyone app on their mobile phones, followed by the option to select or key in the preferred withdrawal amount on the app. 

Only after authenticating the transaction via fingerprint, faceprint or mobile banking login credentials, will the cash be dispensed from the ATM.

The article was first published in Hardware Zone.