In the ever-evolving digital age, consumption and interaction patterns are undergoing a significant transformation. One of the notable aspects of this change is the gradual replacement of traditional cash withdrawals with digital payment methods.
As technology advances and electronic transaction options expand, we are witnessing a paradigm shift in the way we deal with with our money.
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We enter the age of digital payments and economic revolution, a period in which physical money and traditional cards gave way to a radical transformation.
Visualize a scenario where a simple cell phone screen is enough to manage your purchases, pay utility bills and even purchase your daily breakfast.
In regions such as Europe and the United States, where the digital revolution is gaining even more momentum, ATMs are taking on a new face, moving from free resources to allies now imposing fees for visiting.
Banks are able – and do – to impose fees on ATM transactions.
This paradigm shift not only reflects a reconfiguration of financial relationships, but also raises questions about the efficiency and sustainability of the financial system in an increasingly digital.
The “new” ATM
A revolutionary technology is gaining prominence, and its modernity is as captivating as it is intriguing. NFC, or Proximity Field Communication, emerges as a technological prodigy that orchestrates an exchange of information between nearby devices.
This innovation is entering the scope of ATMs in several countries and, soon, will find fertile ground in Brazil, promising a contactless experience that is as sophisticated as it is safe.
NFC, which has existed in Brazil for some time, allows devices to exchange information without the need for wires or physical connections. Everything happens in the air, using short-range radio frequency waves.
This interaction between the devices ensures fast and efficient withdrawal of cash, eliminating the need for manual card insertion.
How does NFC work?
Authentication
The moment your smartphone or card establishes a connection with the ATM, a layer of security is activated.
This occurs through a banking application or digital wallet, which contains the user's financial information, duly encrypted.
value selection
On the ATM screen, you have the option to select the amount you want to withdraw, similar to using a conventional ATM. This step is as familiar as it is practical.
Confirmation
The ATM will ask for confirmation on your device. At this point, you may need to enter a PIN code or use a biometric method such as fingerprint or facial recognition on your mobile phone to authorize the transaction.
withdrawal
Once the transaction is validated, the ATM will release the requested amount, which will be debited directly from your bank account.
The withdrawal receipt can be printed or sent electronically to your email or banking application.
Security
The entire process takes place with a rigorous level of encryption and security. Even if someone manages to intercept the communication, the data would remain unintelligible without the corresponding decryption key.
As such, this approach provides a high level of protection for your financial data throughout the entire transaction.
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