Every third ATM cash register in Austria is already NFC-capable, until 2020 all terminals will also be equipped with this function. In future ATMs themselves will be NFC-capable as well. Erste Bank has put the first functional NFC ATM into service at the Erste Campus in Vienna. This ATM can be used to for contactless withdrawals, however, it always requires entering one's personal PIN code.
The further development of contactless payment methods is interesting for merchants as well. These methods allow for a further reduction in cash holdings, which in turn reduces costs – especially with respect to small change. “It is important for us that customers can choose their payment methods freely. We are offering new and comfortable possibilities, but people have to ultimately decide for themselves which methods they want to use”, Schaufler states in closing.