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New ATMs Use Phone Instead of Cards
NEW YORK (WKRC) -- Your phone may soon act as your debit card.
Financial services giant FIS recently announced its new cardless ATMs.
Using an app on your phone, you select how much money to withdraw.
Then, when you're at the ATM, use the app to scan a code on the ATM screen, and money comes out.
Money can be ordered 24 hours in advance or while standing in line.
Three small banks are testing it out as a way to attract more tech-savvy younger customers.
The downside is, you still need a strong cell signal to withdraw money.