Phone-Compatible ATMs Let You Use An App Instead Of A Card

All About the Benjamins newmoney.gov New ATMs are coming that will let customers withdraw cash with a smartphone app, no debit card needed. Withdrawing cash with a phone takes less than nine seconds, compared to 30 or 40 seconds with a card, CNNMoney reports. Three banks, Wintrust, BMO Harris and City National, plan to have most of their ATMs ready to scan smartphones by the end of 2014. An analyst CNNMoney talked with, Mary Monahan of Javelin Strategy & Research, thinks phone-based transactions...