Hasta La Gadget!

The last ATM you used probably didn’t feel very cutting-edge compared to your smartphone. That’s because it’s probably running Windows XP, an operating system so old, Microsoft will stop supporting it in April.

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A lot of things can go wrong while you’re withdrawing cash from an ATM machine. For one, you could press a wrong key while you’re entering your PIN, which means you have to start over. And while many machines have changed their card readers, your card could get stuck in some machines, which means you’ll have to call a hotline so you can get your card back. It’s also easy for thieves to skim and steal your magnetic stripe. And the list goes on.

Eliminating all these is the Cardless Cash Access (CCS) app that people with accounts at Wintrust (IL), BMO (Chicago), or City National (Los Angeles) can take advantage of.

Using technology developed by FIS, CCS eliminated the need to have your card with you while you get your cash. It also cuts down the withdrawal process from 30 to 40 seconds to about nine seconds. Now that’s fast cash.

Here’s how it works: clients can put in a request for a withdrawal up to 24 hours before they go and pick up the cash. A QR code is then generated by the app, which should then be scanned at the ATM machine before the cash is released. You’ll need a good Internet connection to access your code when you make the withdrawal though, so that’s one drawback if your carrier doesn’t have the best 3G or 4G service.

[via CNN via Dvice]

China might be known as the world’s supermarket to some, and while their quality control has improved by leaps and bounds over the years, there are still kinks in their manufacturing process that pushes them to the forefront with undesirable […]

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It has the makings of a film — but the fallout from one of the world’s most sophisticated ATM heists is very real. The New York Times is reporting that a massive team of criminals worked in concert in order to grab some $45 million in a matter of hours over the course of two operations. The sheer scope of the project is hard to wrap one’s mind around, involving trained personnel positioned in over two dozen countries.

Earlier today, federal prosecutors in Brooklyn “unsealed an indictment charging eight members of the New York crew, offering a glimpse into what the authorities said was one of the most sophisticated and effective cybercrime attacks ever uncovered.” In essence, the hackers were able to infiltrate various credit card processing companies and raise withdrawal limits on prepaid accounts — from there, cashing crews hit thousands of ATMs, socking away millions in the process. Hit up the source link for the full read; it’s a wild one, for sure.

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Source: The New York Times

Sometimes getting away from work to go to the bank to handle some important transactions can be quite challenging for some people, making the weekends the only other time you can conduct your business with your bank. Seeing how everyone seems to go to the bank on the weekends, this could mean you may be waiting at your bank for much longer than you originally anticipated. But Bank of America is looking to make its tellers available to its customers outside of its regular business hours through its new ATMs equipped with video chat.

Bank of America’s ATMs with Teller Assist will begin rolling out to its banking centers, both inside and drive-thru, as well as remote ATM locations. The new ATMs will allow for its customers to chat with a teller through video chat during the weekdays from 7AM to 10PM and on weekends from 8AM to 5PM, which both time frames are considerably longer than its normal working hours. (more…)

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