withdraw money from cash machines using Y smartphone

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Maandhow
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withdraw money from cash machines using Y smartphone

Post by Maandhow »

ATMs to operate without a card

New technology to enable people to withdraw money from cash machines using their smartphone has been unveiled.
Customers who use the Royal Bank of Scotland (RBS) or NatWest mobile banking app can now request cash, up to £100, via their smartphone.

They are given a six-digit code to enter into an ATM to release the cash.
A similar system has been developed by cash machine operator NCR. This requires users to scan a barcode to withdraw the money.The services are the latest developments in a long-predicted move towards the smartphone becoming a digital wallet.

'Simple and secure'
RBS said that its new system would help customers who had forgotten their bank cards, or who wished to send cash to family members in a hurry.

It would also allow the people to leave their wallets at home in favour of taking a mobile phone, it suggested.
"It is a really simple and secure way to help our customers get cash whenever and wherever they need it," said Ben Green, head of mobile at RBS and NatWest.

http://www.bbc.co.uk/news/business-18409560
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