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  5. iPhone customers can now use cashpoints with Apple Pay

iPhone customers can now use cashpoints with Apple Pay

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Customer reveals he’s successfully withdrawn cash from ATM using his iPhone.
Apple Pay reader

Apple Pay now works at cashpoints, with a US iPhone owner reporting that he was able to withdraw $20 by using a special, NFC–enabled ATM.

NFC, or Near Field Communications, is the technology that allows users to tap their card on contactless terminals to pay for goods and services.

It's also the cornerstone of smartphone payments services, such as Apple Pay and rival offerings from Samsung and Google.

NFC cash machines are still hard to find and at the moment it appears that this feature is limited to machines owned by Bank of America.

As well as a traditional card slot, they have a NFC reader with the same logo found on contactless machines around the world.

To use one, users simply need to tap their card on the reader and then follow the same process of entering their PIN and withdrawing cash.

At the time of writing, it is not possible to make deposits using Apple Pay.

While other US banks have intimated that they could roll out this feature, there’s no word on whether UK banks will follow suit.

But with Apple Pay set to expand to allow users to make purchases via their iPhone’s web browser, don’t be surprised to see Apple push its partners to introduce this next–generation functionality sooner rather than later.

Source:

Reddit

Category: News
Tagged: iphone, apple

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