Your smartphone is now your ATM Card - YouTube

  • 6 years ago
our debit card is right on the money for a world where the phone in your hand is increasingly the key to the physical space around you.

And we aren't necessarily talking about mobile banking apps, either. We're talking about tapping the phone to a specific place on the cash machine itself in order to start a session. Bank of America, Wells Fargo and Chase are three US banks that are in the process of rolling out the technology, or planning to soon.
Engaging in ATM transactions using your smartphone instead of your debit card is right on the money for a world where the phone in your hand is increasingly the key to the physical space around you.

And we aren't necessarily talking about mobile banking apps, either. We're talking about tapping the phone to a specific place on the cash machine itself in order to start a session. Bank of America, Wells Fargo and Chase are three US banks that are in the process of rolling out the technology, or planning to soon.

CNET demoed cardless withdrawals at one of the San Francisco Bay Area's 650 compatible Bank of America ATMs. (Although these particular machines won't accept cardless deposits yet, the functionality is possible, and could be added down the line.)Android is a mobile operating system developed by Google, based on a modified version of the Linux kernel and other open source software and designed primarily for touchscreen mobile devices such as smartphones and tablets. In addition, Google has further developed Android TV for televisions, Android Auto for cars, and Wear OS for wrist watches, each with a specialized user interface. Variants of Android are also used on game consoles, digital cameras, PCs and other electronics.

Initially developed by Android Inc., which Google bought in 2005, Android was unveiled in 2007, with the first commercial Android device launched in September 2008. The operating system has since gone through multiple major releases, with the current version being 9.0 "Pie", released in August 2018. The core Android source code is known as Android Open Source Project (AOSP), and is primarily licensed under the Apache License.iPhone (/ˈaɪfoʊn/ EYE-fone) is a line of smartphones designed and marketed by Apple Inc. The iPhone line of products use Apple's iOS mobile operating system software. The first-generation iPhone was released on June 29, 2007, and multiple new hardware iterations with new iOS releases have been released since.An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.

ATMs are known by a variety of names, including automatic teller machine in the United States[1][2][3] (ATM, American, British, Australian, Malaysian, South African, Singaporean, Indian, Maldivian, Hiberno, Philippines and Sri Lankan Eng

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