Barclays will roll out contactless cash machine technology that allow you to withdraw up to £100 via a smartphone.
The initiative will mean that you don’t need your bank card to access cash. Instead, you will simply use your banking app on your smartphone, or your contactless bank card, to interact with the ATM.
Barclays said this would not only be more convenient but reduce the risk of fraud, as it would render card skimmers irrelevant and cut down on the risk of distraction fraud.
However, for now only Android smartphones owners will be able to use the service. Barclays said iOS users would be able to use the service from next year, although it did not specify when.
The service will launch in branches in the north of England, Barclays said, before rolling out to 180 banks nationwide in the New Year.
The service allows people to preselect how much money they want to withdraw via their app after having logged in, and then allows 30 seconds to touch it against a contactless cash machine to access the money.
The other option is to tap a contactless card or phone against a cash machine, then type in the pin before proceeding as normal.
Ashok Vaswani, CEO of Barclays UK said the initiative was part of the firm’s effort to make it as easier as possible for people to use it services with whatever technology they want.
“Our customers now expect to be able to use their smartphone to make their everyday purchases. We want taking out cash to be just as easy,” he said.
"With Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone – a first for the UK.”
The move underlines the growing efforts by UK banks to bring new digital technology capabilities to customers.
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