Virtually every retailer takes card payments these days. More and more even accept services like Apple Pay. But when you really need cash to buy certain things, card-free ATMs could be there to help.
US bank Chase recently announced that it will be rolling out card-free ATMs that use smartphones for identification. Chase customers will open an app on their phone and enter a PIN number. Why would people of the future (that’s us) need to extract cash when they already have their phone? Again, drug dealers don’t take Apple Pay or Samsung Pay. Yet.
According to the Associated Press:
Chase and other banks have been rolling out new and upgraded ATMs in a continuing effort to replace the fleets of bank tellers at each branch once needed to handle routine customer transactions. [A Chase spokesperson] said Chase now does more transactions each month via ATMs than with tellers.
Again, one can only assume that these features coincide with the only reason people use cash these days: buying drugs, sex, and illegal firearms. Look, we realise that there are plenty of other reasons people use cash — to bribe police officers, for example — but we’re not judging.
If this tech were to come to the UK (which it almost certainly will) could you see it catching on? Do you even still use holes in the wall? Answer carefully.
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