Cardless Touch ID Cash Withdrawals Are Coming Soon to Over 70,000 ATMs in the U.S.

Cardless Touch ID Cash Withdrawals Are Coming Soon to Over 70,000 ATMs in the U.S.

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FIS Cardless Cash has announced a partnership with FIS and Payment Alliance International that will bring cardless cash withdrawals to over 70,000 ATMs in the United States.

FIS Cardless Cash protects consumers by reducing risk of card skimming and shoulder surfing, both of which are on the rise at ATMs, according to industry data. By leveraging FIS Mobile Banking with TouchID, customers securely access their funds and authorize the amount they want without inserting a plastic card into an ATM. The mobile banking app acts as a remote control for the ATM, providing unparalleled privacy and security for consumers. Customers using FIS Cardless Cash can complete their withdrawals in 10 seconds and get an electronic receipt on their smartphone.

“Our partnership with PAI extends FIS’ leadership to the largest Cardless Cash ecosystem, and will benefit both banks and their customers,” said Anthony Jabbour, chief operating officer, Banking & Payments, FIS. “Our Cardless Cash product combines innovation and efficiency with consumer convenience and security. For banks, it’s a new revenue source and this widespread network should facilitate customer adoption.”

This agreement makes NYCE the first national payment network to support mobile phone-to-ATM transactions.

More details at the link below...

Read More [via MacRumors]

Cardless Touch ID Cash Withdrawals Are Coming Soon to Over 70,000 ATMs in the U.S.

6italia0 - July 16, 2016 at 10:54pm
All fun and games till someone's hand(s) are cut off, wallet stolen and, within the hour, entire bank account drained
BrianM - July 17, 2016 at 2:55am
If someone has cut off your hand to get into an ATM, I get the feeling that the money in your account is going to be the least of your concerns. Besides, why would someone do that when there are much easier ways to rob someone? No thief is going to hack your hand off when there're are much easier ways to rob someone.
JuergenWest - July 16, 2016 at 1:31am
Looks complicated, wouldn't it be simpler to input a card and four digit PIN number instead?
Mang Domeng - July 16, 2016 at 11:54am
You'll get used to it. Technology eases things. I hate when ATM cards dilapidate because of frequent use. Right now my replacement card hasn't arrived yet and I am still using the damn ATM card that will fail anytime. It is not safe to carry ATM cards anywhere anymore because there is this technoloy called RFID sniffing when your card details can be stolen to you by this device. So if your wallet is not RFID shielded you can be a potential victim wit a single wave begind you. Like a magician waving behind you and he has access to your bank account. Wish apple pay is available in our country.
BrianM - July 17, 2016 at 3:03am
It's a myth that technology makes life easier (if it were the case, people would be more content with all their leisure time. Unfortunately, I have seen little to support this argument). Sure, some physical tasks can be done more efficiently and safer by robots, but someone has to program those robots as well as repair them when they break down, which they will inevitably do. Or you can have a phone that does as much as computer did ten or fifteen years ago. Does that device honestly make your life easier, more so than providing diversion and making it harder to deal with actual people? What technology does more often than not is to change the way we do certain things. What most people forget is that that's not necessarily making things easier; in fact it brings a whole host of problems all its own.
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