Cellphones may one day Replace A.T.M. Cards

Cardless options for getting your money out of a bank are on the way.  You may misplace or leave your wallet home, but these days, chances are you know where you mobile phone is at all times. Major banks are unveiling teller machines across the country that customers can gain access to with their phones.

Most financial institutions are using the same technology – NFC (Near Field Communication), which allows devices to exchange information wirelessly over small distances.

Source: Banks Look to Cellphones to Replace A.T.M. Cards – The New York Times