From Illinois Business Journal news services
CHICAGO — BMO Harris Bank,which operates locally in Belleville, recently introduced Mobile Cash, a new technology that allows consumers to withdraw money from an ATM using their smartphone.
With the launch, BMO Harris now has the largest network of card-less enabled ATMs in the country.
“Smartphones are quickly becoming the singular device that people use to help manage their life,” said Connie Stefankiewicz, head of North American Channel Strategy and Solutions, BMO Financial Group. “BMO Harris is continuing to invest significantly in technology that is designed to address consumers’ evolving preferences.
“Expectations are increasing among consumers in terms of the digital tools and services industries are offering. With personal finances, we know our customers want the ability to take care of multiple financial needs from their smartphone,” added Stefankiewicz.
The QR-based mobile technology allows customers to withdraw cash safely without having to remove their debit card from their wallets, greatly speeding up the time a customer spends at an ATM. Additionally, customer card information is not stored on the phone, enhancing security. Customers can easily locate any of the 750 Mobile Cash ATMs using their BMO Harris Bank Mobile Banking App. An additional 150 ATMs will feature the service in June.
BMO Harris Bank has more than 600 branches and approximately 1,300 ATMs in Illinois, Wisconsin, Indiana, Kansas, Missouri, Minnesota, Arizona and Florida.