Method and system for cardless disbursement from an automated teller machine

A system for cardless withdrawal from an automated teller machine, comprising:

• a dispensing module of an automated teller machine (ATM);
• an input device of the ATM configured to receive user input comprising at least:
• a first code, a device identifier associated with a computing device, and a transaction amount;
• a transmitting device of the ATM configured to electronically transmit at least the first code, device identifier, and the transaction amount to a first computing system;
• and
• a receiving device of the ATM configured to receive a transaction account number from the first computing system, wherein
• the transmitting device of the ATM is further configured to electronically transmit a withdrawal request including at least the transaction account number and the transaction amount to an acquiring institution,
• the receiving device of the ATM is further configured to receive an indication from the acquiring institution that indicates approval of the withdrawal request, and
• the dispensing module of the ATM is configured to dispense one or more payment instruments having a value equivalent to the transaction amount.