Barclays launches contactless cash withdrawals

Barclays launches contactless cash withdrawals

Barclays launches contactless cash withdrawals

As the finance bank will also aim to have all about the 500 of new cash which points at the operating 200 branches across the Britain by January to high street ATMs.

If you prefer to use your card, all you need to do is tap your contactless-enabled card against the reader on the ATM, which will then prompt you for your PIN before dispensing the money.

"The initiative, for the Android smartphone users, would require the customers to first touch their mobile device or contactless debit card against the machine and then enter their pin on the cash-point", the report said.

Contactless cards are already widespread in the UK.

It will initially be trialled in the North of England and later will be rolled out to around 600 cash machines at over 180 Barclays branches across the country, the bank said. The scheme has been set by the Barclays which is a British multinational banking and financial services company. The ATM recognizes it as a contactless withdrawal and asks the users to tap the phone on the machine to complete the withdrawal. When you get to the ATM you simply tap the phone on the machine and it spits out your readies (and receipt if required). The bank said: "Whether using your smartphone or card, it removes the risk of magnetic-card skimming and distraction fraud, as the device never needs to leave your hand".

Barclays' launch follows in the steps of Bank of America, which launched contactless withdrawals using Android phones earlier this year. "With contactless cash, customers can quickly and securely take out money with just a tap of their smartphone - a first for the United Kingdom", said Vaswani.

"Our customers now expect to be able to use their smartphone to make their everyday purchases", says Ashok Vaswani, CEO of Barclays UK. They can tap their card against the machines and enter their PIN to take out cash, instead of inserting the card.

Barclays isn't the first to use smartphones for cash withdrawals at the ATM.

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