A local bank unveiled ATMs this week that no longer require a debit or ATM card or PINs for access.
The product comes from WSFS Bank, subsidiary of WSFS Financial Corp., the $4.9 billion-asset bank based in Wilmington, Del. WSFS Mobile Cash is a new feature on the bank’s mobile banking app that lets you get cash from any of its branch ATMs with a smartphone QR code.
Here’s how it works. When visiting a branch’s ATM, the customer presses a button that says “Mobile Cash” and a QR code is presented on the ATM’s screen. After signing in with a pass code or touch identification, the customer taps “Mobile Cash” within the app, scans the QR code, selects the desired amount of money and submits it before the cash dispenses. Read the full story here.
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