Spain gets world's first 'contactless' bank machines

Apr 04, 2011
Spain's biggest savings bank, La Caixa, said Monday it has installed "contactless" automatic teller machines in three Spanish cities, making it the world's first bank to use the techology.

Spain's biggest savings bank, La Caixa, said Monday it has installed "contactless" automatic teller machines in three Spanish cities, making it the world's first bank to use the techology.

Instead of inserting their debt cards into a slot, customers using the machines only need to wave their next to a reader and enter their PIN code to withdraw or carry out other transactions.

The technology was developed by Japan's biggest IT services firm, Fujitsu.

La Caixa installed the machines in Barcelona, where it has its headquarters, in the nearby city of Sitges and on the holiday island of Mallorca, it said in a statement.

"According to technical figures, this is the fastest automatic teller machine cash withdrawal system on the market," the statement said.

The bank plans to install more "contactless" automatic teller machines across Catalonia and the Balearic Islands in the coming weeks.

The machines currently only allow cash withdrawals but the range of operations that they can carry out will be gradually extended, it added.

La Caixa has some 8,000 automatic teller machines, making it the largest cash machine network in Spain and the second largest in Europe.

La Caixa, founded more than 100 years ago, posted a 2010 recurring profit of 1.5 billion euros ($2.1 billion), an 11.9 percent drop over the previous year.

Explore further: Bringing history and the future to life with augmented reality

add to favorites email to friend print save as pdf

Related Stories

New league table of Spanish savings banks created

Oct 01, 2010

Researchers from the Polytechnic University of Valencia (UPV, Spain) have produced a new league table of Spanish savings banks based on economic, financial and social criteria. This is the first study of these ...

Software defect hits millions of German bank cards

Jan 05, 2010

(AP) -- Millions of German bank cards have been affected by a "millennium bug"-like problem because they contain software that can't process the number 2010, industry groups said Tuesday.

Recommended for you

Patent talk: Google sharpens contact lens vision

Apr 16, 2014

( —A report from Patent Bolt brings us one step closer to what Google may have in mind in developing smart contact lenses. According to the discussion Google is interested in the concept of contact ...

Neuroscientist's idea wins new-toy award

Apr 15, 2014

When he was a child, Robijanto Soetedjo used to play with his electrically powered toys for a while and then, when he got bored, take them apart - much to the consternation of his parents.

Land Rover demos invisible bonnet / car hood (w/ video)

Apr 14, 2014

( —Land Rover has released a video demonstrating a part of its Discover Vision Concept—the invisible "bonnet" or as it's known in the U.S. the "hood" of the car. It's a concept the automaker ...

User comments : 0

More news stories

Tiny power plants hold promise for nuclear energy

Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the ...

Clean air: Fewer sources for self-cleaning

Up to now, HONO, also known as nitrous acid, was considered one of the most important sources of hydroxyl radicals (OH), which are regarded as the detergent of the atmosphere, allowing the air to clean itself. ...

Turning off depression in the brain

Scientists have traced vulnerability to depression-like behaviors in mice to out-of-balance electrical activity inside neurons of the brain's reward circuit and experimentally reversed it – but there's ...