In recent years, ATMs Many banks have added the ‘Contactless’ option to enable transactions without having to insert the credit card into the machine.
However, many banking organizations have begun to update this ‘node’ to make it compatible with NFC technology. What is it and how can you make money using it?
What is the NFC technology that will reach ATMs in Spain?
NFC (Near Field Communication) is a short-range wireless communication technology. It allows data transfer between electronic devices when they are very close to each other, usually within a few centimeters. In this way, two devices compatible with NFC technology are needed for it to work: One will work as ‘active’ and the other will work as ‘passive’.
How to withdraw money from ATM with NFC
-
Open the application where your card is located (bank, Google Wallet, etc.).
-
Enable NFC in your phone’s settings (many mobile phones still do not support this technology).
-
Bring your mobile device (even your smartwatch) near the Contactless ATM and hold it for a few seconds.
-
Enter your PIN number as if it were a regular credit card and transact as normal.
This option is as safe as the others, but withdrawing money via NFC will force you to know more about your mobile phone. If stolen, cancel all cards before it’s too late.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.