Need Cash, No Chase ATM Card? Just Grab Your Phone
- 6 years ago
Business Insider reports Chase has rolled out cardless transactions to nearly all of its 16,000 ATMs.
That means customers no longer need a physical debit card, but can simply use their smartphone.
Customers can open their mobile wallet, tap their phone, and then enter their PIN to access their account.
It makes life more convenient for customers, but it could also result in savings for the bank.
It costs banks about $0.20 to replace a lost, stolen, or otherwise corrupted card.
That means customers no longer need a physical debit card, but can simply use their smartphone.
Customers can open their mobile wallet, tap their phone, and then enter their PIN to access their account.
It makes life more convenient for customers, but it could also result in savings for the bank.
It costs banks about $0.20 to replace a lost, stolen, or otherwise corrupted card.