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: For Google's self-driving cars, learning to deal with the bizarre is essential

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

Bluetooth may be the key to your future smart home

Nov 25, 2014

If you've ever considered trying to turn your house into a smart home, you've likely found the prospect expensive or technologically intimidating. That situation could soon change, thanks in part to an old ...

Self-driving cars could be the answer to congested roads

Nov 24, 2014

If cars with drivers still suffer under gridlock conditions on roads, how will driverless cars fare any better? With greater computerisation and network awareness, driverless cars may be the answer to growing ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.