Cardless ATM


THE DUNK OF HIS OWN THEY LOSE 105-100. THAT’S YOUR CBS 2 SPORTS UPDATE. SOON YOU’LL BE ABLE TO USE AN ATM WITHOUT THE BANKCARD. HOW SMARTPHONES ARE REPLACING PLASTIC AT BANKS. THIS MAY LOOK LIKE ANY OTHER ATM, CUSTOMERS THE USE THE PHONE OR LEAVE THEIR DEBIT CARD AT HOME. NO FUMBLING TO GET YOUR WALLET, TRYING TO FIND YOUR DEBIT CARD. SAYS THE ATM’S ARE EQUIPPED WITH A READER THAT HAS A CARD STORES IN YOUR SMARTPHONE. THEY ARE LITERALLY GOING TO HOLD THE PHONE OVER THE READER YOU CAN SEE IT WORKEDDED. I’M GOING TO ENTER IN MY PIN, WITHDRAW CASH, $20 FROM MY CHECKING ACCOUNT. OTHER BANKS INCLUDING CHASE AND WELLS FARGO PLAN TO INTRODUCE CARDLESS ATM’S NEXT YEAR. IT IS ONLY NATURAL THAT THEY BELIEVE THE PLASTIC CARD WILL EVENTUALLY GO BY THE WAIST SIDE. YOU’LL INCREASINGLY SEE PHONES PLAYING A BIGGER ROLE IN TERMS OF ROUTINE TRANSACTIONS. EXPERTS SAY THE PHONE IS SAFER THAN A PLASTIC CARD BECAUSE A THIEF WOULD NEED TO UNLOCK THE STOLEN PHONE AND KNOW THE PIN NUMBER. ALSO SOLVE SKIMMING WHERE THEY CAN RIG THE SLOT WITH A TINY READER THAT CAN STEAL CARD INFORMATION. WITH ALL NEW TECHNOLOGIES IT TAKES TIME TO GET USED TO ONCE YOU ARE USED TO IT YOU REALIZE HOW EASY IT IS A HANDFUL OF ATMS HAVE IT NOW BUT BANK OF AMERICA PLANS TO HAVE IT BY 3,000 MACHINES BY THE END OF THE YEAR. CUSTOMERS WILL STILL BE ABLE TO USE THEIR BANK CARDS IN THESE NEW ATM’S.

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