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Your smartphone will start replacing your debit card at ATMs this year
When contactless payments work it's awesome. Between the time it saves reaching into your wallet when your phone is already in hand and it looking cool, it has become my goto payment system. The issue is sometimes it can be hit or miss, especially Samsung Pay. Though Samsung pay works at more places Android Pay is more consistent, but that is a topic for another article.
We are getting to a point where we could use our phones to withdraw money from ATM's. Before people cry about security and safety, they have been using this method overseas and America is literally playing catch up in this area. We are already there if you think about it. With Samsung Pay I can do debit cash back at registers all over. Of course this will mean even tighter device security which will not be what tinkerers want to hear.
I'm all for them advancing the tech. The virtual card is more secure than your plastic, and these days if someone get a hold of your card numbers they can rack up charges anyway, especially if the site do not ask for a billing address. Just look up the incident where a fast food attended used a customers card to buy something when the customer was made to think they had to swipe it at another register because it was (said) broken.
How would you feel about using your phone to make ATM withdraws?
Sent from my SAMSUNG-SM-N920A using Tapatalk
When contactless payments work it's awesome. Between the time it saves reaching into your wallet when your phone is already in hand and it looking cool, it has become my goto payment system. The issue is sometimes it can be hit or miss, especially Samsung Pay. Though Samsung pay works at more places Android Pay is more consistent, but that is a topic for another article.
We are getting to a point where we could use our phones to withdraw money from ATM's. Before people cry about security and safety, they have been using this method overseas and America is literally playing catch up in this area. We are already there if you think about it. With Samsung Pay I can do debit cash back at registers all over. Of course this will mean even tighter device security which will not be what tinkerers want to hear.
I'm all for them advancing the tech. The virtual card is more secure than your plastic, and these days if someone get a hold of your card numbers they can rack up charges anyway, especially if the site do not ask for a billing address. Just look up the incident where a fast food attended used a customers card to buy something when the customer was made to think they had to swipe it at another register because it was (said) broken.
How would you feel about using your phone to make ATM withdraws?
Sent from my SAMSUNG-SM-N920A using Tapatalk