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Banks looking to mobile phones to replace ATM cards

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While swiping an ATM card may not exactly seem onerous, bankers think going card-free will be a hit with consumers. But any new financial technology brings with it new security holes.

New York

WALLETS can be lost, stolen or forgotten, but most people today would not be caught dead without their phones.

Banks understand, and are grabbing on to that trend. Customers who do not want to fumble around in their wallet for their ATM card - or who have misplaced it for

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