ATM cash withdrawal by mobile phone......?

According to stories put out by both Finextra and ATM Marketplace, First National Bank, which is based in Johannesburg, South Africa, this week announced the launch of a new service that allows customers to withdraw funds from ATMs using their mobile phones instead of their bank cards.

To withdraw cash from a First National Bank ATM, customers must log onto Cellphone Banking and select the banking option. They then must choose "withdraw cash" and the account from which they want to take the funds, such as checking or savings.

Once the customer completes this step, the bank sends an SMS text message with a temporary PIN. The customer then goes to the ATM and selects "cardless services" and "withdraw cash" from a First National Bank account, said Roshni Reddy of Cellphone Banking Solutions.