For the past few years, ATMs Many banks have added the ‘Contactless’ option to make transactions without having to insert the credit card into the machine.
But many banks have started updating 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 when electronic devices are 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 as ‘passive’.
How to withdraw money from ATM with NFC
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Open the app with your card (bank, Google Wallet, etc.).
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Enable NFC in your phone’s settings (many phones still don’t support this technology).
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Bring the mobile device (even your smartwatch) to the Contactless ATM and hold for a few seconds.
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Enter your PIN as if it were a regular credit card and work normally.
This option is just as secure as the others, but withdrawing with NFC will force you to know more about your mobile phone. If stolen, cancel all cards before it’s too late.