Now withdraw cash with your phone
Wednesday June 13, 2012 07:01:09 PM,
IANS
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London: Mobile phones
could soon be used at ATMs to withdraw cash. A new application has
been developed in Britain that will allow people to take out 100
pounds a time from the cash machines with a few taps of their smartphone.
The Royal Bank of Scotland (RBS) has created a new Getcash app
which will be available to its 18 million customers who will be
able to withdraw from any one of the 8,000 RBS, Natwest and Tesco
stores, across the country, Daily Mail reported Wednesday.
The new app works by allowing you to choose the amount you want to
withdraw from a screen displayed on your phone. A six-digit code
then appears on your phone's screen which is valid for three hours
and is tapped into an ATM to withdraw cash.
At first you will only be able to take out just 100 pounds a time
but this will soon rise to match the amount you can withdraw with
a debit card, typically 250 pounds.
You can also text a code to a friend who can then withdraw the
money, the Mail said.
To use it you must have a smartphone or an iPhone or BlackBerry
and download the GetCash app.
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