Ukash’s customers will use Bank Machine’s ATMs
Global e-commerce payments provider Ukash has signed a deal that will see consumers able to withdraw cash from over 3,000 automatic teller machines (ATM) spread across the UK.
The agreement with independent ATM operator Bank Machine Limited means that Ukash customers will be able to convert their gaming or competition winnings and refunds into cash without the need for a debit or credit card.
“The partnership between Ukash and Bank Machine, the longest-established independent ATM operator in the UK, will make Bank Machine the first non-bank operator to offer cardless cash withdrawals at ATMs,” said David Hunter, CEO for London-based Ukash.
“We have been leading the way in helping consumers transact online for more than a decade. We identified that greater flexibility in converting Ukash back into cash was an important customer service advantage. As a result, we have made significant investment in the development of Ukash cash withdrawals. We believe it’s a pioneering step for consumers and [electronic retailers] alike.”
Established in 2001, Ukash enables consumers to spend cash securely online by removing the need to reveal personal financial information. Customers purchase a unique 19-digit code in retail outlets such as shops and petrol stations before utilising the service to pay directly on thousands of websites around the world.
“At Bank Machine, our constant focus is on increasing consumer access to cash through our ATMs,” said Stephen Hart, business development manager for Bank Machine.
“The partnership between Ukash and Bank Machine certainly achieves that and this innovation clearly demonstrates that ATMs can provide services that complement those offered on the Internet. We look forward to offering this service to customers on more than 3,000 Bank Machine ATMs across the UK.”