Cell phone-accessible ATMs coming in the Fall

Sumitomo Mitsui Banking Corp. will introduce a service in the Fall enabling clients to deposit or withdraw money at automated teller machines using cell phones. It's the first service of its kind to be introduced by a major bank, according to The Daily Yomiuri.

"Sumitomo Mitsui Banking will remodel about 7,000 ATMs to provide the phone cash service.

Clients will use the service by holding cell phones equipped with noncontact integrated circuit chips over terminals that read information on IC chips, and then inputting their password."

emily | 8:15 AM | Barcode Technologies / RFID Tags / NFC |
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