Cardless ATM — How Does It Work?
Posted on Feb 16, 2017
It's a familiar ritual known to everyone who has ever needed to withdraw cash from an ATM: Enter (or swipe) your card Enter your PIN Type the dollar amount Withdraw your money Yet as established as this routine is, it could become a thing of the past. Chicago's BMO Harris Bank is introducing a very different type of ATM — one that doesn't require users to swipe or insert their debit cards. Instead, users withdraw the cash they need using smartphone technology.
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Topics: Financial Institutions, Mobile Payments, Payment Technology, Payment Trends