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.
(AFP) - Here's another use for the smartphone as it invades daily life: in
place of your debit card at your bank cash machine.
"cardless" automatic teller machine (ATM) is gaining ground in the US
and around the world, with smartphone technology allowing for speedier and more
think our model (using smartphones) reduces a lot of vulnerabilities,"
said Doug Brown, who leads mobile technology for FIS Global, a major provider
of software and technology for ATMs.
said the FIS cardless system is being used at some 2,000 ATMs operated by at
least 28 banks in the United States "and we're looking to rapidly expand
addition to speeding the transaction time, the smartphone-based system aims to
curb the growing problem of "skimming" in which criminals steal the
data on a card, often by inserting devices into the ATM card slot.
some estimates, skimming cost the global banking industry some $2 billion in
2015 and can lead to other kinds of fraud when card data is stolen.