Smartphone-Only ATMs Coming Soon
To the long list of things you can do with your phone — including watch a movie, buy a latte and hail a ride — prepare to add one more: get cash. Over the next few months, the nation’s three biggest banks will start rolling out ATMs that will let customers withdraw currency using their smartphones instead of debit cards — the latest step toward a future in which phones could replace bank branches and wallets. “My boys are 5 and 6 — I...
Banks Testing New Tech To Speed Up Transactions
Banks are experimenting with a tool that could shorten your wait times in the teller line or at the ATM: your smartphone. The technology, called “pre-staging,” would let you start a transaction on your phone and complete it at a teller line or an ATM. “It’s one of the next innovations from a banking perspective,” said Miranda Hill, the Seattle-based manager for Wells Fargo’s digital innovation lab. Earlier this year, the San...
