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Japanese banking group to allow ATM cash advances through cell phones

August 1, 2005

Forbes.com:Officials of the UFJ banking group in Tokyo said July 29 that UFJ will start offering a service Aug. 10 in which customers can use their mobile phones to obtain cash advances from ATMs. The new credit service will require cellphones featuring Sony Corp.'s FeliCa noncontact smart card technology. To obtain cash advances, UFJ Card Co. credit card holders will only need to hold their compatible phones close to ATMs at UFJ Bank branches, which will link them to the UFJ Card website.

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