Big Banks To Allow Cardless ATM Use This Year

Source: The Charlotte Observer, via 

“Bank of America said Wednesday it will begin allowing customers to perform ATM transactions with their smartphones later this year, a move being made by its rivals.

The new technology will eliminate the need for customers to swipe their plastic ATM card to withdraw cash or conduct other transactions at the machines. The Charlotte-based bank said the machines will still accept the cards.”


On Tuesday, media outlets reported that New York-based JPMorgan will introduce such ATMs by the end of this year.

Last month, San Francisco-based Wells Fargo said its “virtual card” service will be available in the late third quarter or early fourth quarter of this year.”

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