The North Canton, Ohio-based Diebold partnered with the Austin, Texas-based payment technology firm SimplyTapp to roll out a secure, white label, mobile wallet offering that the companies said will reduce fraud during the onboarding process.
The $6.9 billion, Riverdale, Utah-based America First Credit Union is among the financial institutions to pilot the offering, which, according to the companies, reduces fraud by employing the secure architecture of the ATM network to onboard the user's card through standard, card-present, PIN-secured technology.
The secure card onboarding process, called XPRESSION™ SafeLoad, utilizes a process that Diebold said is unlike other mobile wallets that do not need a card to be present. Instead, it allows consumers to take a picture of the card or manually enter the card's digits to upload. Diebold's patent-pending process requires the card to be inserted into the ATM's card reader and be authenticated via PIN entry.
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