Wells Fargo enabled contactless withdrawals from phones or payment-enabled wearable devices at over 5,000 of its ATMs, according to a press release.
Customers can initiate the contactless withdrawals through mobile wallets — including the Wells Fargo Wallet, Apple Pay, Android Pay, and Samsung Pay — and then hold their phones or wearable devices by the NFC-reader at the ATM. Entering a PIN into the machine is required to complete the transaction.
Wells Fargo is aiming to make all 13,000 of its ATMs contactless by 2019, and already launched an initiative in March that gave users one-time access codes via mobile, enabling consumers to use ATMs without physical cards.
The move has the potential to lift engagement for Wells Fargo.
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Published on Oct 11, 2017