While Apple Pay and Android Pay are finally gaining its momentum however it is not relevant to the cash front. For those who want to live a life which is wallet free, the need of going to the ATM to grab some paper money is still something that comes to place. To cater to this need, NFC is something that comes in really handy. With this feature, you can go ahead and withdraw cash from the ATM by using your smartphone. This acts like an ATM card for you.

Well one of the first major banks, Banks of America has deployed ATMs which are NFC enabled. Presently just in the US, there are 2,800 terminals that are presently being offered by the company. By the end of the year, they plan to increase this number up to 5,200. There is no arduous setup that is needed for NFC. IF you want to withdraw cash, all you need to do is go ahead and ensure that your debit or credit card has been registered with Apple Pay or Android Pay profile and should be activated.

Not everybody prefers to use cash as a payment method, however for those who want to maintain their budget, this is said to be a perfect option. IF you are looking for security which is extra, than the NFC payments is something that is the best choice. This is because you do not have to stand in long lines to withdraw money from the ATM.

Another aspect is the fact that when it comes to the security, the present measures that is taken by Apple Pay or Android Pay is said to be really good. In order for any transaction to be completed you either need to use a pin, scan your fingerprint or even draw the pattern for unlocking it before you can proceed further.