Barclays launches Contactless Cash withdrawals

Barclays will be launching it’s first contactless cash withdrawal service in the new year with service being piloted in the North before christmas.

‘Contactless Cash’, which will allow customers to withdraw up to £100 using their phone or contactless card, is planned to be rolled out to over 180 Barclays bank branches across the UK.

The service will only be available on Android and customers can withdraw money from their account by entering their pin and the amount of cash they want using the Barclays app and then tapping the smart phone on the contactless reader.

Alternatively users an enter how much cash they want and their PIN after tapping their contactless card or smartphone on to the contactless reader installed in over 600 in-branch machines.

The service is aimed for those in a rush as they can receive all they need with just one simple tap. However the service has the added benefit of increasing security when taking cash out because it eliminates the risk of magnetic card skimming and distraction fraud because the device never leaves the users’ hand.

Barclays UK CEO, Ashok Vaswani, said “We are always looking for new ways to make our customers lives easier and their finances even more secure.

“Our Customers now expect to be able to use their smartphone to make their everyday purchases. We want taking cash out to be justas easy.

“With Contactless Cash customers can quickly and securely take-out money with just a tap of their smartphone – a first for the UK.”

The post Barclays launches Contactless Cash withdrawals appeared first on Mobile News Online.

original article Mobile News Online
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