ATM

[Update: Chase confirmed to the USA Today this week that it is planning NFC-based ATM withdrawals later this year.]

According to a report out of TechCrunch, Bank of America and Wells Fargo are both working to integrate Apple Pay support into their ATMs. The report, citing “a source familiar with the terms on the projects,” says that the companies have both placed employees on multi-month long assignments to integrate the Apple Pay options into ATMs around the country.

Expand
Expanding
Close

The U.S. Patent and Trademark Office published a couple of interesting patent applications from Apple today. One patent described various embodiments of a depth perception system and laser projection, while another concerned an “ad-hoc cash dispensing network” that would turn iPhone users into walking ATMs.

PatentlyApple first covered the patent and highlighted several possibilities of using cameras and a laser source to determine the distance of an object and implement various applications based on detection of depth. The report explained an embodiment of the invention by describing how Apple could use the system integrated into, for example, an iMac. PatentlyApple also described how Apple could use the invention for laser projected keyboard applications (as pictured above):

In this example, the iMac is able to detect a user approaching it and activate a particular program, application, awake from sleep or power save mode, and the like… In patent FIG. 12, we see a user positioned in front of this future iMac such that the first and second beams 206a, 206b may at least partially intersect the user. The iMac’s updated iSight Camera will be able to determine the distance that the user is from iMac. The depth perception system increases the sensitivity of user detection for the iMac so that it could make a distinction between the user and an occupied chair… In Apple’s patent FIG. 11A shown below, we see the depth perception system incorporated into a mobile electronic device such as an iPad. In this example, the system may be used in combination with a projected control panel 115 (such as a keyboard, audio/video controls, and so on). The control panel 115 may be a light pattern projected from a light source onto a surface (e.g., table or desk), the control panel 115 may include different light shapes, colors, or the like for representing different inputs.

Unwiredview.com pointed us to the “ad-hoc cash dispensing network” patent published today and recently filed by Apple that would essentially allow iOS users to become ATMs for other iPhone users. Just imagine being able to withdraw cash when there simply isn’t an ATM or bank nearby. Apple’s system would allow other close by iPhone users to lend you cash, with the borrowed money returned to the lender through your iTunes account/credit card for a small fee (as pictured in the patent drawing below):

Expand
Expanding
Close