ATM token cash withdrawal

A computerized method for handling financial transactions on a financial account associated with a token, the method comprising:

• communicating, with a remote server, a server token to a mobile device;
• receiving, with an automated teller machine, a pairing request from the mobile device;
• sending, with the automated teller machine, to the mobile device, a pairing response;
• receiving, with the automated teller machine, from the mobile device, an authorization request, wherein the authorization request comprises at least a device token, wherein the device token is encrypted, wherein the device token comprises an identification marker for the mobile device;
• generating, with the automated teller machine, a security packet, wherein the security packet comprises at least the device token, the identification marker for the mobile device, and an identification marker of the automated teller machine, wherein generating the security packet comprises encrypting the security packet;
• communicating, with the automated teller machine, to the remote server, the security packet that comprises the device token and the identification marker of the automated teller machine;
• determining, with the remote server, that the automated teller machine is authorized for use by comparing the identification marker of the automated teller machine with a list of identification markers;
• authenticating, with the remote server, the device token by comparing the device token with the server token previously communicated to the mobile device, wherein authentication is further based on the identification marker for the mobile device;
• in response to determining that the automated teller machine is authorized for use and authenticating the device token, communicating, with the remote server, an authentication response to the automated teller machine;
• receiving, with the automated teller machine, from the remote server, the authentication response;
• and
• granting, with the automated teller machine, access, to a user, to perform at least one financial transaction associated with the device token based at least in part on the authentication response received from the remote server.