City National to Pilot Cardless Cash Access at ATMs
Customers of City National Bank, a $27.4 billion-asset company based in Los Angeles, in select cities will soon be able to withdraw cash from ATMs without having to use their debit cards, thanks to a pilot program by City National and bank technology provider FIS. According to the companies’ Oct. 4 joint press release, the FIS technology allows customers to pre-order cash on mobile devices using a secure smartphone app. Customers can then head to ATMs whenever they like, scan a QR code for the transaction on an ATM screen, and receive cash and an electronic receipt.
From “City National to Pilot Cardless Cash Access at ATMs”
American Banker (10/04/13) Todd, Sarah