Now, withdraw cash without ATM cards

If you are falling short of money while on a shopping binge, you can ask your friend to SMS a system generated personal identification number (PIN).The PIN can be used to withdraw money from his account in an automated teller machine (ATM). NCR, a global self service technology major, has developed an interactive technology for cash withdrawals without an ATM card. It is in talks with a leading private sector bank to offer this technology. “We are also in talks with a couple of other banks to offer our technology. The technology solution will offer services such as stock trading, shopping, mobile money transfer and bill payments through interactive ATMs. However, the system generated PIN can be used only once. Banks are willing to spend on this technology,” said country sales manager of NCR India’s financial solutions division Mr Manjunath Rao.