Published: Tue, November 22, 2016
Business | By Patricia Jimenez

Barclays pilots cash withdrawals using NFC mobile phones and contactless cards

Barclays pilots cash withdrawals using NFC mobile phones and contactless cards

Imagine a world with contactless ATMs everywhere.

Barclays says the service will launch "in the new year". Then six-hundred more contactless ATMs will be installed in two-hundred branches across the United Kingdom by the end of January 2017. 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. Initially, you will still have to touch those grubby keys.

Customers will be able to withdraw up to £100 (US$124.93) in cash using the service. 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 Barclaycard's bPay chip, allowing you to pay for items up to £30 at contactless terminals. Open the Barclays app and type in the quantity you choose with your PIN.

Recent data from the UK Cards Association reported that over £2 billion was spent using contactless payment methods in July alone. You still need to enter your PIN, whether you use card or phone, so really the only difference is that you don't have to put the card into the slot and wait those agonising seconds for it to be spat out again.

Do all the button-pushing on your app before you get to the ATM to cut down on the time spent standing at the hole in the wall.

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- You can not lose your card (the machine won't gobble it up and not give it back to you).

Customers at Bank of America in the United States are pleased with the new contactless ATMs.

'Our customers now expect to be able to use their smartphone to make their everyday purchases. We want taking cash out to be justas easy.

Customers withdrawing money during the trial period will tap their phone against the machines then enter their bank card PIN on the keypad as normal.

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

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