Banks looking to mobile phones to replace ATM cards

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 the umpteenth time - will soon be able to unlock cash dispensers' coffers by using their phone.