Last week Privier Inc., a Charlotte, NC-based startup, announced the launch of an innovative no-card ATM service.

Until now, no-card ATM transactions were only available in parts of Europe and Asia.

Privier says its iTransfer and mPayment will allow bank customers to electronically transfer funds — using mobile banking or online banking —  to a recipient who is then able to withdraw the funds without needing a card or bank account.

“We equip ATM screens with an icon, which reads ‘Pickup Cash’. All the recipient needs to do is press this icon, which will automatically activate the ATM for a Privier iTransfer or mPayment transaction,” said Charles Polanco, CEO of Privier Inc.

The system isn’t seamless: the sender needs to tell the recipient the amount of the transfer and a 10-digit withdrawal number, and the recipient’s only option is to withdraw the entire amount: no partial withdrawals allowed. But it’s a start.