Going cardless at the ATM catches on
Several major banks in the U.S. now support the use of a smartphone to withdraw cash from an ATM -- many by way of Near Field Communication (NFC) technology -- instead of requiring customers to use a bank card.
One of the early adopters, Bank of America, said this week it currently supports cardless technology at 2,800 of its ATMs. That number will reach 5,000 ATMs by year's end that rely on NFC and other technology. Bank of America, which has about 15,000 ATMs nationwide, created a video to show how a smartphone loaded with the bank’s mobile app can now withdraw cash from some ATMs.
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