Here's All You Need to Know About the Verve Paycode - A Cardless ATM Withdrawals and Making POS Payments

Life is getting more and more easier by the day as a result of latest modern technology which we need to stay up-to-date with. I'm happy to inform you that there is a new way in Nigeria to withdraw your money from the ATM machine without your debit card being nowhere around you. It really looked liked a big joke until I personally went to the atm to try it.

We all know how it feels when you in urgent need of cash, but your ATM card is lying at home and you not anyway close to it and there’s money in your account, but you can’t access it due to the absense of your ATM card.

Nigeria’s largest payment processing company - Interswitch, has launched "Verve World", an application which enables cardholders to store all their payment options and to carry out everyday transactions without  using their cards physically. You can now withdraw the cash in your account without using an ATM card, all you need is a Verve Paycode.

Verve Paycode is a secure code that can be generated from cards stored in your eWallet (Verve eCash). Verve eWallet can securely store any card from any Bank.

Verve eCash is a virtual payment card that allows you to transact in every way you would with a physical card. With eCash, you no longer need card number, OTP, CVV2 or expiry date to complete your online transactions. Recharge, Pay bills, Transfer funds and even withdraw cash from an ATM or make POS payments directly from your eCash.

 Download Verve World app from the link below to get started.

  

Login/Registration Process

 
Open the Verve World installed app, login with an existing Interswitch account if you have an account with Interswitch before and if not, choose Sign Up and fill all the important details, Then you add the details of your ATM card on to the Verve World App and proceed.

After successful registration, you should get this notification and an accompanying email from the Verve International team with “Welcome to Verve eCash” in the subject line.

How to Fund Your Verve eCash

Click the button that says ‘Fund my eCash’. On the next screen, you will be required to enter the amount you want to withdraw.

Even after adding a card to the application, you may have to input your details again in the “Payment Card” option

How to Generate Actual Verve Paycode

After funding the eCash, you will get a notification to that effect. Under every page, there is the eWALLET, 1-TOUCH and PAYCODE options, click on “PAYCODE” to generate.

After selecting PAYCODE, the below page will be displayed.

In selecting a channel, there is the option of ATM, POS or Paypoint Agent. Choose ATM as it is our case study for this post.

In selecting a payment card, choose your already funded Verve eCash or select from the stored Cards.

The cash-out pin is the one you are going to input in the ATM and your card pin is, of course, your personal card pin.

Important Notice

After the last procedure described above, you should be able to use your cashout pin in any ATM unless;

• You have insufficient balance in your account.
• You do not have a token– physical or software and so cannot use the card online.
• There is not sufficient internet connectivity.

AND;

• Verve Paycode works for any bank card as long as it’s Verve, Visa or Mastercard
• Multiple cards can be added to the application
• Cardless ATM Withdrawals DOES NOT work on every bank’s ATM (that is the machine).
• The Machines I know are: ATMs belonging to Zenith Bank, Stanbic IBTC Bank, Guaranty Trust Bank and Fidelity Bank which are compatible with the Verve World App and Verve Paycode.

If all the above conditions has been done, then you are definitely good to go.
Now using the ATM is the really tricky part and seems to be where most people get stuck. Most ATMs have the options of cardless operation, to be sure, ask the orderlies around.
Or walk up to any one of them and press the “ENTER” key multiple times. It should display the option.

How to Withdraw from the ATM

GTBank ATM has already been used for this transaction, And all you need to do is follow the Instructions below-

If you look closely at the display above, it gives the instructions on performing Cardless Transactions; that is, using the ATM to withdraw without ATM card. Even though the instruction makes it easier, some ATMs do not spell it out, so just press the “ENTER” button on the keypad twice, and if it does not still bring out the option, then the machine is probably not configured for Cardless Transactions.

The next screen after pressing the “ENTER” key will be self-explanatory as the tag of your selection will include Quickteller.  The Verve World App, Verve Paycode and Quickteller are all products of Interswitch, so they are in one family.

After selecting the Quickteller option, this screen comes up and prompts you to enter the already generated code, then the ATM proceeds to produce the exact amount of cash that was entered when generating the Verve Paycode on the Verve World. Simple as that.

At a Stanbic IBTC ATM, press zero “0” on the keypad to be taken to a page that has “Quickteller Cashout” written on it and the machine will give a prompt for the already generated Verve Paycode. 

Zenith Bank ATMs have the same procedure, but you have to press the enter key to access “Quickteller Cashout” option, and input your Verve Paycode

Note: It includes a N100 surcharge at cashout.

Also Note:
To make every thing simply. You can generate a Paycode by simply dialing *322*8*Amount#. You don't need to have a smartphone or internet access

Have Any Questions to ask, Kindly use the comment form below. Thanks