Now You Can Use Your Phone to Withdraw Cash at Wells Fargo ATMs

Now You Can Use Your Phone to Withdraw Cash at Wells Fargo ATMs

BY Reuters

atm-keypad-899924_960_720Starting on Monday, Wells Fargo customers can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.

Jonathan Velline, Wells Fargo’s head of ATM and branch banking, said that the San Francisco-based bank decided to apply the smartphone technology to all of its 13,000 cash machines after piloting the idea in select locations across the country.

Bank of America and JPMorgan Chase are among the big banks that have announced digital upgrades to their ATM infrastructure, but Wells Fargo is the first U.S. bank to roll out cardless machines across its entire network.

The 20 million customers on Wells Fargo’s mobile banking app will be able to request an eight-digit code to enter along with their personal identification code at an ATM to retrieve cash.

“The new feature allows customers to withdraw cash at any time, even when they don’t have their cards on them,” Velline said.

The new option will also improve protections against data theft, Velline said.

Starting on Monday, Wells Fargo customers can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking.

Jonathan Velline, Wells Fargo’s head of ATM and branch banking, said that the San Francisco-based bank decided to apply the smartphone technology to all of its 13,000 cash machines after piloting the idea in select locations across the country.

Bank of America and JPMorgan Chase are among the big banks that have announced digital upgrades to their ATM infrastructure, but Wells Fargo is the first U.S. bank to roll out cardless machines across its entire network.

As have many other U.S. lenders over the last years, Wells Fargo has invested in the development of digital tools to attract customers and slash costs at its retail branches.

“Digitalizing services is unquestionably the way to the future and the arguments are very powerful, but U.S. banks are still far behind,” said Gerard du Toit, a partner at consulting firm Bain & Company.

Accessible, well-designed digital offers not only provide a massive cost advantage, but also significantly improve customer loyalty, du Toit said.

The 20 million customers on Wells Fargo’s mobile banking app will be able to request an eight-digit code to enter along with their personal identification code at an ATM to retrieve cash.

“The new feature allows customers to withdraw cash at any time, even when they don’t have their cards on them,” Velline said.

The new option will also improve protections against data theft, Velline said.

“Security certainly was a big aspect of the cardless feature and the two-step identification helps reduce the risk of fraud,” Velline said, adding that the elimination of cards prevented so-called skimming techniques that criminals employ to read and store data of cards inserted into ATMs.

Wells Fargo, the third-largest U.S. bank, was once the envy of Wall Street, able to seemingly sell its customers a range of different products and highly regarded for its stock price which had once made it the world’s most valuable bank.

But last year’s revelations over a sales scandal that involved the creation of as many as 2.1 million fraudulent accounts in customers’ names without their permission took a toll on the company.

The lender has since seen a sharp drop in the number of consumers opening checking and credit card accounts.

Recruiters and Candidates … A Partnership From Day One!

Recruiters and Candidates … A Partnership From Day One!

Bernie Diaz, Senior Recruiter, CTI CONSULTING, INC.

 

Recruiter, the moment you identify a candidate as a good match for a position you’re working on, is the moment you start forging a strong partnership. After all, you’re both pursuing the same goal: a successful placement. A Win for the candidate, a Win
for the hiring company and last but not least, a Win for you! In order for this partnership to work, you must both share the same
passion towards earning a job offer.

 

Here is what I demand of myself …

  • Listen. Find out what the candidate’s hot buttons are. What is he or she looking for in their next position? What is the ideal compensation and what compensation will be considered? Take notes and save them for later reference. Nothing earns a candidate’s respect and trust more than demonstrating that you’ve paid attention.

 

  • Set my candidate up for success every step of the way. I thoroughly prep my candidates before every telephone and onsite interview. My preference is to send a detailed prep e-mail with a number of interview tips. I will also share any insights regarding the company and the interviewer (s) that I may have.

 

  • Communicate. We’ve all been there. We contact someone, get that person all excited about a position, submit the resume and then the process comes to a screeching halt. If that happens, don’t leave your candidate in limbo. Check in with the client for a status update. If he or she was eliminated, find out why and share the reasons. It will make that individual a stronger interviewee for the next opportunity. If still in the mix, assure your candidate that you will continue to follow up vigorously on their behalf. He or she will not be forgotten.

 

  • Be a cheerleader. Be a cheerleader. Wish your candidate luck before every interview. Celebrate every small victory… earning a telephone interview based on a strong resume, being invited for a face-to- face, etc. Offer words of encouragement if the interview did not go well. Peel the onion and find out the areas where the candidate feels he or she could have done better. Treat this as a learning experience, not a defeat.

 

Here is what I ask of my candidates…

  • Be coachable.  Accept my interviewing advice and put it into practice. Do your homework on the company and the key players. Demonstrate enthusiasm and always ask for the next step. These are just some of the tips I share, to help my candidates stand out from the rest.

 

  • Be accessible. I won’t go dark on you, please don’t go dark on me. Return my phone calls, e-mails, etc. A constant dialogue between both of us is key, which brings us to my final point…

 

  • Communicate. Any changes on your end? Are there any offers on the table from the other companies you are interviewing with? How do those offers stack up against the opportunity we’re pursuing together? Have any of these companies given you a “must accept by” deadline? Knowledge is power. Share all pertinent details with me and I’ll do my best to negotiate the best possible offer for you.

 

As we all know, the job market is highly competitive, with an impressive array of talent competing for the same position. The job of a recruiter and candidate is to face all challenges and

walk away with an offer. When that happens, you will have accomplished it together… the true definition of a partnership!

This Space Heater For Fingers Probably Won’t Burn Your Hands Off

This Space Heater For Fingers Probably Won’t Burn Your Hands Off

By Ashley Carman computer-1844996_960_720

Forget those non-tech hand warmer packs, gamers, because the Danes have a gadget solution for your sad, frozen hands. A company called Envavo has designed something called the Heatbuff, which basically works as a highly targeted space heater for gamers’ hands. They put it on Kickstarter this week. I wasn’t aware that gamers’ hands got cold while gaming, or that they needed to be kept warm, but I guess this is a legitimate issue. There’s even a three-year-old Reddit thread about it. If a Reddit thread exists, clearly it’s a fact.

The Heatbuff is an infrared short wave heater, which again, translates to space heater. It starts at $71 and is designed to keep fingers warm either between matches or during them.

Now, Envavo says it’s doing testing on its finger warmer. They’re assuring us their product is safe to use and won’t even heat up your keyboard. But still, I’m worried that keeping a space heater plugged in while you game for hours near an already hot PC is dangerous. Maybe just take breaks for good measure? Or put faith in Envavo. Do what feels good for you. It sounds nice to have warm hands, regardless of whether you’re gaming or not. Us bloggers could use a finger space heater, too. Don’t forget about the bloggers. Please.

 

Article courtesy of TheVerge

 

UPS drivers may tag team deliveries with drones

UPS drivers may tag team deliveries with drones

Drone

The delivery giant tested drone delivery Monday in Florida, offering a reminder of UPS’

interest in using new technologies to improve deliveries.

 

UPS used a new electric delivery truck with a drone launch pad atop it. Inside the truck, a

driver loads a package into the drone’s cargo bin. Then a section of the truck’s roof slides

backwards, so that the drone can take off.

 

After the drone lifts off, the human drives away to deliver a separate package. Then the drone

and truck rendezvous at another location, where the drone is loaded with a fresh package. If

implemented, that cycle could continue for a driver’s entire shift, allowing UPS to deliver

packages more efficiently and save on fuel.

 

The gains would be especially significant in rural areas, where deliveries are more spread out.

If every UPS driver had to cover one less mile per day, the company said it would save up to $50 million per year.

 

Between flights, the drone would recharge its battery while docked in the UPS truck. (Its battery lasts for 30 minutes.) The drone UPS tested was capable of carrying packages up to 10

pounds. The drone is big enough to roughly fit in the trunk of a sedan.

 

There are no guarantees UPS will ever deliver an actual package with a drone. John Dodero, UPS’ vice president of industrial engineering, told CNNTech it depends on whether

automated drones could deliver safely. So far, that’s an open question.

 

 

Article courtesy of Matt McFarland