Smartphone will replace ATMs card

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Smartphone will replace ATMs card

New technology will enable bank users to withdraw money from cash machines using their smartphone has been unveiled recently. Customers will empowered to draw money from ATM counters without cards. Customers have to use smartphone and specially designed application software to use this technology. Smartphone will than entertain users further by helping to draw money from ATMs.

User are provided with six-digit code to enter into an ATM in order to draw the cash. Similar technology has been developed by other operators to draw money by cash machine. This requires users to scan a bar-code to withdraw the money.

This technology is expected to be more flexible and user friendly enhancing users to draw money easily comparing old debit card system. User are freed from carrying card and there will be no stress to remember pin code. Technology is expected to be more secure than old one.