Barclays is set to jump on to the contactless cash trend by allowing customers to withdraw up to £100 by tapping their smartphones or contactless cards at the ATM.
Customers with NFC-enabled smartphones will be able to simply enter their PIN into the phone before tapping it against the terminal, with trials starting as early as next month, reports The Telegraph.
By January the bank aims to have around 500 ATMs offering the new service in around 200 branches, followed by a wider roll-out.
Initially the service will only work on Android phones that have the Barclays app installed.
Ashok Vaswani, CEO of Barclays UK, says: “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. With Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone – a first for the UK.”.
For those who want to see what a world with contactless ATMs, have a look at the US, where several companies have been trialling cardless ATMS.
— PaymentEye (@PaymentEye) April 5, 2016
In the summer as well, a FIS partnership with Payments Alliance International (PAI), America’s largest, privately-held provider of ATM processing and maintenance services, meant that iPhones could be used to withdraw cash at 70,000 ATMs.
The crowdfunding was part of a £22m funding round that will support the launch of a current account facility.
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