ATM does not need a card
The new technology allows users to withdraw cash from ATMs using a mobile phone instead of the current card or chip. Customers of the Royal Bank of Scotland (RBS) installed a NatWest mobile banking application that can now request cash withdrawals from an ATM with a mobile phone.
The new technology allows users to withdraw cash from ATMs using a mobile phone instead of the current card or chip.
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The UK is testing the e-wallet system for ATM cases
Customers of the Royal Bank of Scotland (RBS) installed a NatWest mobile banking application that can now request cash withdrawals from an ATM with a mobile phone.
They will be given a 6-digit number and entered into an ATM to withdraw money, according to the BBC.
RBS said the new system would be effective for customers who forgot to bring their ATM cards to withdraw money immediately, or want to send money from their accounts to relatives.
At present, the maximum card withdrawal in the UK is £ 300, and the card is only withdrawn £ 100.
The UK cash desk operator NCR has also introduced a similar system, which allows customers to scan the bar code displayed on the phone application and withdraw money.
This is the latest service, before the smartphone will be "revived" into the long-awaited electronic wallet.
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