App Lets Smartphone Owners Withdraw Cash with No Card
In a move meant to fight fraud, BMO Harris Bank of Chicago is prepared to allow customers to withdraw cash from ATMs by using their smartphone. The service will require a device-side app. BMO customers can prepare the app for a withdrawal, selecting the amount they want, before they reach the ATM. When the customer arrives at the ATM, they specify a mobile withdrawal and hold up a QR code generated by the app. The code is scanned by the ATM and the ATM dispenses the cash — no debit card required. The idea is to reduce the reliance on debit cards, which are a weak link in the process thanks to skimmers and other methods for stealing the data stored on the card's magnetic stripe. According to BMO, the account holder's card details aren't stored locally on the phone, the bank can remotely delete the app if the phone is lost or stolen, and the information passed between the phone and ATM is encrypted and used only once. The service will initially launch at 750 BMO Harris Bank ATMs across Illinois and Wisconsin, and increase to 900 ATMs by June. BMO Harris is owned by Canada’s Bank of Montreal.
Andy Rubin's Essential PH-1 Boasts Titanium Frame, Magnetic Mods
May 30, 2017
Essential Products, the startup being run by Andy Rubin, who helped create the Android operating system, announced its first smartphone today, the PH-1. The PH-1 is a high-end handset crafted from a titanium shell that Rubin claims is more robust than aluminum and more resistant to damage when dropped.
Facebook Makes Sweeping Changes to Data Collection Policies as It Admits Cambridge Analytica Breach Impacted 87M
Apr 4, 2018
Facebook today made significant changes to its platform as it continues to deal with the fallout from the Cambridge Analytica breach. To start, the company now believes Cambridge Analytica was given improper access to the data of as many as 87 million people, mostly U.S.
LG Announces the V30 Flagship with FullVision Display and Floating Info Bar
Aug 31, 2017
LG today fully revealed the V30, a phone it has been teasing in bits and pieces over the last few weeks. This flagship-class handset has a metal frame and glass front and rear panels.
Banks Prepping Smartphone-Enabled ATMs
Jan 29, 2016
JPMorgan Chase and other banks are readying next-generation ATMs that will allow people to withdraw funds using their smartphone. Chase said the first series of new ATMs will grant access to cash through the Chase mobile app, and will require a code.
Bank of America ATMs to Support Android Pay
May 18, 2016
Bank of America today said it will add Android Pay support to some 5,000 ATMs around the country. Bank of America customers who have added their BofA debit card to the Android Pay app will be able to tap their NFC-equipped phone to compatible ATMs to withdraw cash and perform other account interactions.
dont you love the future? haha