How cardless cash ATMs work
As this video from BMO Harris Bank shows, "mobile cash" allows consumers to get cash from ATMs without ever using a card. A customer logs into the mobile banking app and orders cash from a particular account. At the ATM, the customer presses the button for cardless cash, and the ATM displays a QR code, which the customer reads with the smartphone app. The transaction is verified and the ATM dispenses the cash in seconds.