There are very few that are actually cash only here. What's more common are $5-10 minimums, either not allowing cards at all under that amount or adding a 25-50c fee if you do use one. I'm not completely cash free as a result since I don't feel like paying extra fees for no reason.
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Cardless Withdrawals With Touch ID Coming to Over 70,000 ATMs Across the U.S.
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There are very few that are actually cash only here. What's more common are $5-10 minimums, either not allowing cards at all under that amount or adding a 25-50c fee if you do use one. I'm not completely cash free as a result since I don't feel like paying extra fees for no reason.
Yep. And just look at all gas stations. They've been charging extra for any credit card use for years. Even if you fill up your SUV with $50 of gas you get hit with "convenience" fees.
Yeah but the banks recently did an ATM upgrade, I doubt they will make a change to their ATM's to include NFC for this for another 10 years
small businesses that take cash - only - are only fooling themselves-
• more likely to dip into takings therefore showing a lower profit and the knock on effect means lower borowing for a mortgage application
• Red light on the radar - more likely to have HMRC / US IRS investigation = unpleasant unnecessary hassle
• customers will shop elsewhere as many comsumers don't carry cash
Overall false ecomomy living on the edge - these small businesses -#cashonlynotworthit
• more likely to dip into takings therefore showing a lower profit and the knock on effect means lower borowing for a mortgage application
• Red light on the radar - more likely to have HMRC / US IRS investigation = unpleasant unnecessary hassle
• customers will shop elsewhere as many comsumers don't carry cash
Overall false ecomomy living on the edge - these small businesses -#cashonlynotworthit
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In fairness, at least the gas stations generally don't charge extra for debit cards now. A lot of other small businesses do though, despite it not being allowed. And good luck trying to argue Visa rules to the clerk behind the counter.
(It is allowed for credit cards though.)
QR code?..... is this WalmartPay or CurrentC 2.0? Unless this will employ a 'Secure Enclave' type of verification process sometime in the future, I'll pass.
Perhaps Tim missed a golden opportunity to develop this technology and integrate it with ApplePay (and TouchId of course).
Perhaps Tim missed a golden opportunity to develop this technology and integrate it with ApplePay (and TouchId of course).
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I think that was fiction. Touch-ID requires a live finger.I think I saw a movie where the Russian mafia had a grisly solution to this security strategy.
To be fair, the UK is fairly advanced when it comes to banking tech. Chip and PIN was introduced fairly early on and was mandated soon after. Contactless took off over here quite quickly too hence why it was the obvious second market for Apple Pay to launch in as the infrastructure mostly already existed.
Perhaps I am missing something here.
This is going to make ATMs "safer" from skimming, but will this actually make the machines safer from theft and forced withdrawals?
If I insert my bank card into a machine, and I get the PIN wrong 3 times the machine holds the card......so if I am intercepted by an assailant at the machine, I can fake a PIN 3 times to avoid withdrawing all my cash for him/her.
If I am standing there holding my phone up to scan a QR code I can get my phone swiped in an instant, or be forced rather quickly to take out cash and hand it....AND the phone over.
Doesn't really seem too safe to me. I'm more concerned with getting mugged at an ATM then I am getting "Skimmed" at an ATM.
I think more skimming is being done at stores with shady staff that have to swipe your card themselves, and with embedded chips in cards (in Canada at least) I think this has all but eliminated skimming.
This is going to make ATMs "safer" from skimming, but will this actually make the machines safer from theft and forced withdrawals?
If I insert my bank card into a machine, and I get the PIN wrong 3 times the machine holds the card......so if I am intercepted by an assailant at the machine, I can fake a PIN 3 times to avoid withdrawing all my cash for him/her.
If I am standing there holding my phone up to scan a QR code I can get my phone swiped in an instant, or be forced rather quickly to take out cash and hand it....AND the phone over.
Doesn't really seem too safe to me. I'm more concerned with getting mugged at an ATM then I am getting "Skimmed" at an ATM.
I think more skimming is being done at stores with shady staff that have to swipe your card themselves, and with embedded chips in cards (in Canada at least) I think this has all but eliminated skimming.
I think I saw a movie where the Russian mafia had a grisly solution to this security strategy.
You know, when Touch ID was first shown by Apple and threads were created here at MacRumors all the know-it-alls promised "grisly solutions" to touch ID. They all claimed that theifs, robbers, muggers would all just start carrying snippers or cigar choppers to just cut off peoples fingers or thumbs. Yet nothing has surfaced.
When is this actually going to start happening? Not that I'm encouraging it to happen. But, there are always posts warning us of the danger of Touch ID! Yet, never any stories of this having actually occurred. Some quick google-fu told me that fingerprint scanners have been on phones since 2011. Touch ID, likewise, is going on 3 years old. Heck, even the law (which is slow, mind you) has already been pretty solidly determined on finger print locked phones. Surely, there has to have been someone somewhere who has lost a digit over this who can validate posts such as yours!
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I expect that Cuba has the US beat on Chip & PIN integration. Talk about a slow process! (and complicated too... some take chip for debit, some require swipe.... on and on)
geez... touchid at the till in front of a person works for petty purchases works.
but touchid in front of a machine that dispenses hard cash?
cant see how this is going to go wrong.........
but touchid in front of a machine that dispenses hard cash?
cant see how this is going to go wrong.........
all banks have atms you can go to that are not at their bank with no fee's. or some reimburse you for them up to a certain amount at the end of the month.
In the UK you can use your ATM card at any other of the mainstream banks ATM machines for no fee, and it's been like that for years. Of course you still have to pay to use it in 3rd party 'convenience' machines.
It's about the only thing that annoys the hell out of me since moving to the US, you can only use your card in an ATM provided by your bank or you pay heavily for it. I wish they'd all come to a gentleman's agreement here and just allow it but I guess with the shear amount of different banks around the country it'd be impossible to agree on anything.
That's the way it works at BoA, and will work on Wells Fargo and Chase.
This is apparently going to be a software, only change to the ATMs that will allow them to bring up a QR code on the screen that you will scan with your phone, validating with your fingerprint within their app (Since developers can now use Touch ID). No thanks for me. I rarely use non-Wells Fargo ATMs, because the fees that they charge are stupid. I generally have to be very hard up to use one. Given he infrequency of using third party ATMs, the hassle of having another App on my phone that I would rarely use, and the annoyance of having to launch that app and go through the BS, no thanks.
Now, when WF activates the NFC readers on their ATMs, and I can just use my Apple Watch to withdraw cash I will be a happy camper. Ease of use. No pulling out my card. No skimmers. Yes!
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Pure greed. They make it seem like it's a big deal, (when it's not) and most customers don't push back. If your customers blindly gave you $4.00 every time they stuck their card in another bank's machine wouldn't you keep collecting it?
I bank with Capital One, but I have an account that refunds all my ATM fees so I really don't care where I withdraw from. Having said that, the whole QR code is so CurrentC. Cant they use the Apple Pay NFC approach? This just does not seem elegant to me.
In Australia we've been able to withdraw cash from ATM's without a card for a couple of years now. But it meant using your bank's app on your iPhone to request a code to punch into the ATM. This is great especially if you've left your card at home or in the car or if your card was retained by a malfunctioning ATM.
But with Apple Pay I guess you will no longer need to do that. You'll probably just need to wave your iPhone at the ATM and your withdrawal request is processed and money dispensed without even having to touch the ATM.
It's somewhat like your iPhone becomes the ATM interface, where you select your account and punch in the amount you want into your iPhone, you then approach the ATM and press OK on your iPhone and voila! Out comes your cash from the ATM!
- No more card skimming.
- No more PIN numbers being secretly video'd.
- No more cards being retained due to an ATM malfunction.
- No more worrying about germs and other gross things on the ATM keypad.
Interesting that we reached a "cardless society" before reaching a "cashless society". Although that's not far behind.
But with Apple Pay I guess you will no longer need to do that. You'll probably just need to wave your iPhone at the ATM and your withdrawal request is processed and money dispensed without even having to touch the ATM.
It's somewhat like your iPhone becomes the ATM interface, where you select your account and punch in the amount you want into your iPhone, you then approach the ATM and press OK on your iPhone and voila! Out comes your cash from the ATM!
- No more card skimming.
- No more PIN numbers being secretly video'd.
- No more cards being retained due to an ATM malfunction.
- No more worrying about germs and other gross things on the ATM keypad.
Interesting that we reached a "cardless society" before reaching a "cashless society". Although that's not far behind.
FIS is a bank processing company at heart. Going applepay would mean paying another processing partner fee. Think they are trying to avoid that and just use current bank partnerships.
(That is just my guess. )
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If worried about germs that bad better watch out for that cash you are withdrawing and hope they are new billls cause they probably have worse germs on them.