Cardless Withdrawals With Touch ID Coming to Over 70,000 ATMs Across the U.S.

[kilcher]

"FIS and Payment Alliance International have announced a new partnership that will see cardless withdrawals with Touch ID enabled at over 70,000 ATMs at stores, gas stations, restaurants, and shopping malls across the United States."​

Meh ... OK.. first READ the article people.. they say touch ID.. NOT APPLE PAY.. I repeat; this will NOT work with APPLE PAY.. they are just using their OWN 3RD PARTY APP and using Touch ID when you OPEN THE DUMB APP..

This article is hoooooribly written. They 'imply' that Apple Pay is supported.. but never say anything but 'Touch ID'.. which any app can use.

I won't use until I can just put my Apple Watch or phone up to it.. At this point you have to open the app, login, point camera to scan QR code.. da ... da .. da.. da.. dumb..

It's way easier to just pull out your card.. hardly NO one will use this.. and whats worse.. the only reason they are doing this is because they just don't want to upgrade their ATM's with NFC..

Cheep @ss banks and ATM providers.

True. Everyone is so busy celebrating the death of CurrentC they don't see just how prominent this QR tech is becoming. Just wait, most big box stores, banks, and credit card companies will have their own version of the CurrentC app or something very similar. Not only for the obvious reasons but for one I rarely see mentioned - BRANDING. If you use Apple Pay you're exposed to one brand - Apple. The stores get nothing, the bank gets nothing, the credit card company gets nothing. If you're forced to use their app then they have more control over the experience (debatable as to whether or not that's a good thing) and it reinforces their brand.

 

[FCX]

And stores don't want to use Apple pay cause they dont need another middleman taking a cut of the profits.

I keep seeing this repeated - but it isn't true. Apple's cut comes out of the existing fee, so Visa etc are the ones getting dinged (not the retailer).

 

[MacBergin]

Wait...People still use QR codes

 

[Primejimbo]

Cause Apple won't let app devs use the nfc inside the iPhone. Only Apple apps can use the nfc. And stores don't want to use Apple pay cause they dont need another middleman taking a cut of the profits.

You do know a store gets charges using Apple Pay as just a normal swipe? The bank pays it, the sores pay nothing extra is a person using a Apple Pay/NFC.

 

[xero9]

If we are extremely lucky

Most of the big banks recently did an ATM update to allow for envelope free deposit and nice touch screen etc.
I am not expecting them to change the ATM's for another 10 years lol.

RBC didn't seem to do this, so maybe their next round of ATM upgrades will include this! Not likely though.

 

[KPandian1]

I will benefit from this "innovation" if, and only if, I can avoid touching those filthy keypads in every step of the ATM transaction, i.e., do all the typing on my phone's keypad, like amount, which account, etc.

I wish we do not have to touch those filthy pens we use to sign at the grocery stores - or the screen.

 

[32828870]

"FIS Cardless Cash is a QR code-based solution"

I agree with comments wondering why QR scanning coupled with "Touch ID" is required. Wouldn't it be simpler to use NFC and "Apple Pay" or simply NFC? "Payment Alliance International" ATM's are non-bank affiliated and have the largest transaction fees (typically $2USD). Will this remove those fees, maintain them, or increase them?

I'll stick with my banks ATM's or ATM's that support my bank, thanks.

 

[PipSeg]

The article is sort of deceiving, as it will not WHATSOEVER tie into your "Wallet" or (pre iOS 9)"PassBook" but it will be a pop up to scan your finger once you are in the bank app which will allow the ATM to give you access to your account/coins.

 

[Lapidus]

We have this in Belgium for over 6 months now.
(Enter amount, scan QR code, touch ID, get your €€€€)
I hate QR codes but as long as Apple doesn't open up their NFC-API, there is no other solution.

 

[32828870]

True. Everyone is so busy celebrating the death of CurrentC they don't see just how prominent this QR tech is becoming. Just wait, most big box stores, banks, and credit card companies will have their own version of the CurrentC app or something very similar. Not only for the obvious reasons but for one I rarely see mentioned - BRANDING. If you use Apple Pay you're exposed to one brand - Apple. The stores get nothing, the bank gets nothing, the credit card company gets nothing. If you're forced to use their app then they have more control over the experience (debatable as to whether or not that's a good thing) and it reinforces their brand.

Excellent points.

 

[deffbeard]

Still waiting on my bank in the UK. One of the few left not supporting ApplePay.

 

[kemal]

This is great but man do I need to re-calibrate the red on my monitor!

 

[Fatboy71]

Expect to get this in the UK around 2030

 

[Feenician]

Expect to get this in the UK around 2030

Expect to never get it in the UK because NFC has been near ubiquitous for years

 

[justperry]

Expect to get this in the UK around 2030

You don't need cash, do you?
As I said before in another posting, the only time I need cash is in my company canteen for the coke vending machine.
All shops/retail/restaurants/bars in the netherlands accept cashless payments.

 

[rezwits]

This is awesome to see a company actually make a deal with Apple and embrace this "good tech (TouchID)" instead of being scared or whatever feeling of withdrawal, and just wanting to create their own wheel from nothing! (I am just sick of business all saying Microsoft only!)

 

[johnnyturbouk]

I think Touch ID cash withdrawals is a fantastic idea, when coupled with a pin could add a hole new dimension to ban security.

 

[BruiserB]

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.

Actually it's the opposite....they used to agree to this....but then they discovered they could make money by charging fees and then they agreed that was better for them!

 

[cerote]

You do know a store gets charges using Apple Pay as just a normal swipe? The bank pays it, the sores pay nothing extra is a person using a Apple Pay/NFC.

And this is where they can save some. If they use ApplePay they now have to pay little more. But some banks can save if they have existing contracts with FIS; no adding extra person in the loop to pay. FIS is a large bank processing company with many contracts and products that banks use.

Have not looked into it but would not be surprised to see Fiserv enter the game. They are one of the other big players in bank processing.

 

[jashic01]

All you apple-tards should learn to read a bit more. This is not apple pay. It's QR code. And its better than Apple Pay.

Here is Apple Pay:
1. Tap your phone
2. thumb print (select the debit card if you normally had Apple Pay set to your credit card and not your debit card)
3. PIN into ATM keypad
4. Select English
5. Select withdrawal
6. Select Checking account
7. Enter amount
8. Say Yes or no to receipt
9. Get cash
10. Say no to any more transactions
11. Grab receipt if you said yes to #8

Here is Cardless Cash
1. Launch banking app
2. Touch ID
3. Click Cardless Cash
4. Scan QR Code
5. Get cash

If you are like me, I always withdraw from my checking account and I always withdraw the same amount. Besides, if you don't, you can always setup your withdrawal when you're at home, in the car or while you're on the line. If your phone is already prepped, it's a two step process. Scan QR code and get cash.

 

[wigby]

You can avoid the ATM fees from WF by getting their PMA package. It's useful to me for three reasons.

1) There aren't any WF ATMs in Hawaii, so when I'm there it solves that problem.
2) Saving ATM fees when in Europe/UK (I listed UK as separate from Europe depending on how people perceive it).
3) If I want all $100 bills, the WF ATMs nearest my usual locations that support that are kind of rare and inconvenient to get to, so rather than going inside a branch, I can just use a competitor's ATM that supports large bills.

If you hold stocks rather than trade for profit, it's easy to get the PMA fee waived. Plus then all dividends go straight into my checking rather than into a brokerage account.
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I would think most banks have a no-fault clause for their debit card products, as well. I know mine does.

Regardless, the debit card I carry is one I'm OK with getting hacked or lost since I still shop at Target and Home Depot, and then don't worry about places that might have even worse security--if there are any. I just transfer some money in every once in a while... if I'm making a large purchase, sometimes I even do the transfer right beforehand using my bank's app. That's so if something does happen and I have to get a new card, I don't have to go through the hassle of changing my number with monthly authorized payment accounts.

Never heard of no fault clause for debit. It's no different from cash and the transaction is instant so I don't see how any bank would cover that.

 

[CFreymarc]

Redhead models are becoming old hat.

 

[lionsy]

Expect to get this in the UK around 2030

I'm afraid it's already been available for years, your bank just has to support it in their iPhone app, also why are you suggesting the UK is behind in banking technology, the UK has been pioneers in modernising the banking industry,there's a reason Apple pays second market was the UK, the infustructure was already in place and had been for ten+ years. If you want to find out why something like this is news it's because (relatively) backwards (in terms of banking) places like America still have to sign for things like Apple Pay because chip and pin is still not wide spread over there. Things like cardless access to a cash machine are new over there, and the fact is it's rarely used in places that have had it for years because everyone uses contactless anyway.

 

[StevieD100]

I don't know, it seems that Canada has the US beat on Chip & PIN/Contactless Payment integration.

Most of the civilised world has the US beaten into a cocked hat with Chip & Pin/Contactless payments.
It is really quaint to see someone pay with a cheque in a supermarket. Most stores here in the UK stopped taking them years ago.
UK Bank Operated ATM's don't charge even for debit cards issued by other banks. There are some ATM that charge but far less than there used to be.

 

[garya73]

"FIS and Payment Alliance International have announced a new partnership that will see cardless withdrawals with Touch ID enabled at over 70,000 ATMs at stores, gas stations, restaurants, and shopping malls across the United States."​

Meh ... OK.. first READ the article people.. they say touch ID.. NOT APPLE PAY.. I repeat; this will NOT work with APPLE PAY.. they are just using their OWN 3RD PARTY APP and using Touch ID when you OPEN THE DUMB APP..

This article is hoooooribly written. They 'imply' that Apple Pay is supported.. but never say anything but 'Touch ID'.. which any app can use.

I won't use until I can just put my Apple Watch or phone up to it.. At this point you have to open the app, login, point camera to scan QR code.. da ... da .. da.. da.. dumb..

It's way easier to just pull out your card.. hardly NO one will use this.. and whats worse.. the only reason they are doing this is because they just don't want to upgrade their ATM's with NFC..

Cheep @ss banks and ATM providers.

There is already a huge expense being incurred by ATM owners/operators to replace older ATMs with ones that accept chip cards. You will probably see a lot of third party ATMs disappear simply because the location's profit doesn't warrant spending a few thousand on a new machine.

And I don't think it is as simple as just adding an NFC antenna. You would have to reprogram the software and probably replace the motherboard in the machine. A huge cost and one that won't bring in a lot of profit, especially if you are using in-network ATMs.

Maybe somebody has developed an ATM with both NFC and chip, but I don't think the QR code scanning is that big a deal. Especially if the feature is added to Apple Pay and doesn't require another app. Though I have used Walmart Pay a few times and it's not that bad. A little cumbersome. The biggest drawback is that it doesn't print a physical receipt, so you may have an issue if the door greeter wants to check your receipt because you have a big/high dollar item in your cart. You'd have to get out your phone and load the receipt.
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Most of the civilised world has the US beaten into a cocked hat with Chip & Pin/Contactless payments.
It is really quaint to see someone pay with a cheque in a supermarket. Most stores here in the UK stopped taking them years ago.
UK Bank Operated ATM's don't charge even for debit cards issued by other banks. There are some ATM that charge but far less than there used to be.

In the US, most chain grocery and department stores process checks as a debit transaction, so the money is immediately withdrawn from your account and they actually print on your check and then give it back to you. It's just a slightly slower version of using a debit card.