Hal cash banco popular
bankinter spain branches
Hal cash is a means of payment through an entity’s ATM that does not require a debit card on the account to which the beneficiary makes the withdrawal. Among the innovations in the means of payment, hal cash is one of the formulas to carry out micropayments or cash withdrawals.
Hal cash sends money to the beneficiary’s cell phone, providing him/her with a PIN and the type of ATM he/she should go to. This option is valid for both domestic and international payments and can be a much cheaper and less disruptive way to send money across borders instantly.
Internationally, you can send money to Morocco, Ecuador and the United States for now. Keep in mind that the adhesion of financial institutions in different countries is necessary for hal cash to become a global means of payment.
With regard to transaction security, this is related to the protection of the withdrawal PIN and the communication of a double PIN, one via SMS by the system itself and another that the sender of the payment chooses and has to communicate to the receiver. If the withdrawal is not carried out within a certain period of time, the transaction is cancelled.
bankinter spain
The problematic situation that, initially, was thought to be merely technical (so said HalCash), has definitely become impossible to solve and today HalCash is not really operational in Banco Popular and Bankinter ATMs, or at least that is our experience.
The thing is that this problem (which we hope is temporary) affects us users of Gelt, the application for cell phones that allows you to earn money by taking a photo of your supermarket receipt (yes, you read that right: money for taking a photo of the receipt!) and about which you can find more information in these articles of Tu Mina de Oro:
Earning money with Gelt is very easy and, moreover, it was especially attractive the way to do it: go to an ATM, without card or passbook, and just with your mobile and the codes received from HalCash, withdraw cash.
It is to be hoped, therefore, that all this will be solved soon, because apparently it is a technical issue with Popular and Bankinter ATMs. They assure that it has nothing to do with a possible dissociation of these banks with the HalCash system.
neobancos
The Hal-Cash system is an electronic platform that allows financial institutions providing payment services to issue, control, authorize, centralize and clear an electronic payment order, issued by a client of any national or international entity adhered to the system, so that it can be collected immediately and in cash by any beneficiary who simply has a cell phone.
The system works as follows: once the customer of one of the entities adhered to the system has sent the money to the beneficiary’s cell phone, the beneficiary receives via SMS a password generated by the payment system itself, which will be used to validate the cash withdrawal at any ATM or POS of an affiliated entity, without the need to use a credit card and even without the recipient being a bank customer.
The main value proposition offered by this service is the instantaneousness of the payment, since the beneficiary can dispose of the money immediately, as opposed to the traditional transfer system, which takes longer to execute and can even take several days.
bankinter uk branch
The Hal-Cash system is an electronic platform that allows financial institutions that provide payment services to issue, control, authorize, centralize and clear an electronic payment order issued by a customer of any national or international entity adhered to the system. This order will be collected immediately and in cash by any beneficiary with a cell phone.
Once the customer of one of the entities adhered to the system has sent the money to the beneficiary’s cell phone, the beneficiary receives via SMS a password generated by the payment system itself, which will be used to validate the cash withdrawal at any ATM or POS of an affiliated entity, without the need to use a credit card.
The new patent to operate in the United States increases to 13 the list of countries where this immediate cash payment system has been recognized. The list includes Australia, Belarus, Bosnia-Herzegovina, Canada, the United States, Georgia, Morocco, Mexico, Moldova, New Zealand, Russia, South Africa, Ukraine and the United States.
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