Hands-on: NFC-enabled ATMs make it easy to withdraw cash with a smartphone
This is cool stuff! Soon, we will have a true mobile wallet! It just needs to spread outside the USA, too.
Android Pay and Apple Pay may be picking up momentum, but cash is still relevant. So what do you do if you’re living a wallet-free life, but need to grab some paper money from the ATM? This is where NFC comes in handy. The same mobile-payments chip that you use with your smartphone at the checkout stand can be used at the ATM, too.
Bank of America is one of the first major banks to deploy NFC-enabled ATMs. The company currently offers some 2,800 terminals around the U.S., with 5,200 more coming by year’s end. The nice thing about NFC is that no arduous setup is required. All you need is an Android Pay or Apple Pay profile with your debit card already activated.
Now you can snag some cash while leaving your wallet—and plastic—at home.
Cash may not be the preferred method of payment like it used to be, but there are still instances where I wish I had a couple of bucks to quickly buy my…
Read the entire article from CIO.com here: Hands-on: NFC-enabled ATMs make it easy to withdraw cash with a smartphone