ATM cash advances with cellphones

The UFJ banking group said Friday it will start offering a service Aug. 10 in which customers can use their mobile phones to obtain cash advances from automated teller machines, reports Forbes.

"The new credit service will require cellphones featuring Sony Corp.'s FeliCa noncontact smart card technology.

To obtain cash advances, UFJ Card Co. credit card holders will only need to hold their compatible phones close to ATMs at UFJ Bank branches, which will link them to the UFJ Card website.

The service will initially be available in eastern Japan and will later be expanded to western and central Japan, the group said."

emily | 3:06 PM | SMS and Banking |
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