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BofA launches cardless ATMs

News Updates 10 June 2016_html_6768576Bank of America has launched ATMs that can be operated using a mobile phone. The bank has introduced 19 such ATMs in San Antonio. The cardless ATMs also allow customers to make transfers and check balances using a digital debit card stored on their smartphones. The ATMs are designated with a ‘contactless symbol’ near the card reader. The bank said customers can select their Bank of America digital debit card and then hold the device over the contactless card reader to activate the ATM. Bank of America, JPMorgan Chase and Wells Fargo are expected to come out with cardless ATMs.

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