City National Bank to Introduce FIS Cardless Cash Access at ATMs
*City National Bank to offer FIS Cardless Cash Access at ATMs in Los
Angeles, New York City and San Francisco.
*Enables cash withdrawal from ATMs using a secure smartphone app,
eliminating the need for a plastic card.
*Improves security, reduces fraud and saves time for consumers and banks.
JACKSONVILLE, Fla. & LOS ANGELES -- October 4, 2013
FIS™ (NYSE: FIS), the world’s largest provider of banking and payments
technology, and City National Bank, one of the nation’s premier private and
business banks, today announced an agreement to pilot FIS Cardless Cash Access
at City National ATMs in Los Angeles, New York City and San Francisco.
City National plans to introduce this emerging technology to clients in its
three largest markets early next year, continuing FIS’ successful rollout of
this solution at banks and ATMs in key locations across the United States. The
solution enables consumers to interact with the ATM from the privacy and
security of their mobile devices, stage a transaction before stepping up to
the ATM and then receive an eReceipt for the transaction on their devices,
eliminating paper receipts.
“Consumers continue to look for innovative new ways to engage with their
financial institutions via mobile devices. At the same time, they demand
additional security to keep their information safe,” said Doug Brown, senior
vice president and general manager, FIS Mobile. “Information from Cardless
Cash Access is maintained in the cloud, so card data cannot be accessed if the
consumer’s phone is lost or stolen – making this a faster, safer, more secure
way to make a withdrawal.”
FIS Cardless Cash Access securely authenticates a user on his or her
smartphone. Then, the consumer selects the account and amount of the
withdrawal right on the phone. When at the ATM, the consumer scans a QR code
on the ATM screen and, within seconds, the cash is dispensed and an eReceipt
is sent to the phone.
“City National’s mission is to provide the ultimate banking experience for
successful entrepreneurs and professionals,” said Nate Wehunt, senior vice
president and digital channels manager, City National Bank. “Delivering
Cardless Cash Access to our clients is part of that strategy, putting them on
the forefront of mobile innovation, while keeping their information safe.”
To decrease fraud, security within FIS Cardless Cash Access is provided via
the app’s authentication and registration of a user’s smartphone; this
eliminates card skimming risk and fraud incidents for banks and their clients.
“With the proliferation of debit and access to cash at the point of sale,
financial institutions are looking for ways to expand the utility of the ATM,”
said Vince Hruska, senior vice president and head of product strategies, City
National Bank. “Cardless Cash Access not only provides a secure and easy way
to obtain cash from an ATM, but introduces to the client a new way of looking
at ATM use. We look forward to offering this and other innovations from this
FIS’ commitment to developing and investing in new technologies that provide
market-leading solutions to clients was one of the reasons the company was
recently named among Forbes 2013 World’s Most Innovative Companies.
FIS (NYSE: FIS) is the world’s largest global provider dedicated to banking
and payments technologies. With a long history deeply rooted in the financial
services sector, FIS serves more than 14,000 institutions in over 100
countries. Headquartered in Jacksonville, Fla., FIS employs more than 35,000
people worldwide and holds leadership positions in payment processing and
banking solutions, providing software, services and outsourcing of the
technology that drives financial institutions. First in financial technology,
FIS tops the annual FinTech 100 list, is 434 on the Fortune 500 and is a
member of Standard & Poor’s 500^® Index. For more information about FIS, visit
About City National
City National Bank is the wholly owned subsidiary of City National Corporation
(NYSE: CYN). It is backed by $27.4 billion in total assets, and provides
banking, investment and trust services through 77 offices, including 16
full-service regional centers, in Southern California, the San Francisco Bay
Area, Nevada, New York City, Nashville and Atlanta. The company and its
investment affiliates manage or administer $59.1 billion in client investment
assets, including $40.6 billion under direct management. For more information
about City National, visit the company’s Website at cnb.com.
Photos/Multimedia Gallery Available:
Kim Snider, 904.438.6278
FIS Global Marketing and Communications
Mary Waggoner, 904.438.6282
Senior Vice President
FIS Investor Relations
Linda Mueller, 213.673.7619
Vice President, Corporate Communications
City National Bank
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