An anonymous reader writes: “Soon you will be able to use your smartphones at bank machines as dozens of US banks are installing new ATMs or updating existing ones to allow customers to order cash on a mobile application and then scan a code to get their money without having to insert a bank card. The new smartphone technology allows for speedier and more secure transactions. For instance, authenticating on the handset reduces the time spent at the ATM to around 10 seconds instead of the typical 30 to 40 seconds. Wells Fargo, Bank of America and Chase already start deploying the new ATMs. Over the next 18 months, 80,000 machines in North America will be in operation.” (globalpost.com)
Smartphones to Replace Cards at Bank Machines
