12 Dec '11, 11am

A new smartphone application lets customers withdraw money from ATMs without their cards. #Singapore

A new smartphone application lets customers withdraw money from ATMs without their cards. #Singapore

A new smartphone application has been launched by United Overseas Bank (UOB) to let customers withdraw money from ATMs without their cards. Users can log in with their Internet banking user name and password to withdraw cash by clicking on a 'mobile cash' feature. They can also get their friends or family to withdraw cash from their accounts without lending them their ATM cards. According to The Straits Times, the app is the result of a year of planning. It can be used at any of UOB's 600 cash machines in Singapore. UOB's head of group channels Wendy Teo told the English daily that the bank is essentially putting a bank branch in the hands of their customers. Security measures are in place to ensure that customers' bank accounts are not compromised. For example, users cannot withdraw more than $500 a day. In addition, money may not be sent to anyone else except for pre-reg...

Full article: http://www.asiaone.com/News/Latest+News/Science+and+Tech/...

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UOB smartphone app lets users draw cash at ATMs - without their card

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