Your #SmartPhone is Your New #ATM Card

Today we can rent cars, buy products, order food, meet people, pay bills, send money among many other things using our trusty smart phones. So it should be no surprise that you will soon be able to withdraw cash from your bank ATM by simply using your smart phone instead of a plastic ATM card.

Here's how it works:

Using an app on your phone, you can place an order for cash as far as 24 hours in advance or up to seconds before the transaction -- like while you're waiting in line to use an ATM.When you arrive at the ATM to pick up the cash, the app needs to be open on your phone. You then scan a code on the ATM screen to prove that you're actually there and the machine dispenses the cash.

Major banks are already showing interest but of course with any new technology comes concerns.

source››Yahoo! Finance