Have a smartphone? Get cash at an ATM.

Or put another way: no debit card? No problem. Use a smartphoneto extract cash.

That's the promise of a new cardless Mobile Cash Access toolsetnow offered from a collaboration between ATM maker Diebold anddigital wallet company Paydiant. FIS' processing rails also figureinto this picture.

That processing end may seem complex and it has been slippery toput the pieces together, which is why only now is thislong-dreamed-about service rolling out. For the end user, theprocess is designed to be simple. Devon Watson, a Diebold executive, said it would take “seconds.”

A consumer opens up the participating financial institution'sdigital wallet, clicks Mobile Cash Access, picks an ATM and anamount, then goes to the ATM, presses the MCA button, and a QR codeappears on screen. The consumer scans that QR code with asmartphone and, poof, the machine disgorges money.

“The processing all moves to the cloud. There's a big securityadvantage with this system,” said Chris Gardner, a Paydiant executive. “You completely eliminate thepossibility of skimming.”

He noted that no sensitive data resides on the phone so lost orstolen devices are not a factor.

Watson also noted that, in Diebold's view, this service willespecially appeal to younger so-called “Digital Natives,” ademographic that may leave home without a plastic card but which isloath to do so without a smartphone.

“Our customers are looking for ways to appeal to thatdemographic and we believe this is a way,” said Watson.

A pilot of Mobile Cash Access launches next week at Wintrust, aregional bank based in Illinois.

More institutions already are in a queue to be launched, saidGardner, who indicated it is possible 10 to 20 more will be live byearly 2014.

“There is so much interest in this,” said Gardner.