Apple Pay May Come to Wells Fargo and Bank of America ATMs

Apple Pay May Come to Wells Fargo and Bank of America ATMs

February 2, 2016         Written By Bill Hardekopf

Two more major banks are primed to introduce cardless ATMs.

Citibank and Chase have been working on cardless ATMs, and last week, reports surfaced that Bank of America and Wells Fargo are planning to integrate Apple Pay into their ATMs.

Engineers close to the project have asked to remain anonymous, but TechCrunch confirmed that one person is a Bank of America employee.

“We’ve been working on the technology that allows us to hook to digital wallets, leveraging NFC on mobile phones to replace the card at the transaction at the ATM,” stated Jonathan Velline, Wells Fargo’s Head of ATMs.

“But we’re also looking at lots of different mobile wallets and evaluating which ones are going to be appropriate for our customers. We’ll likely add more mobile wallets throughout the year,” said Velline. “Right now the initial launch is with Android Pay, but that doesn’t limit us from considering other mobile wallets.”

When asked, Velline admitted that Apple Pay was one of the mobile wallets they would likely adopt.

Betty Riess, Bank of America’s Consumer Banking Products press representative, confirmed the bank is “currently developing a new cardless ATM solution. This solution will enable customers to leverage NFC (near field communication) technology on their smart phone in order to authenticate and complete transactions at a Bank of America ATM.  We will roll out this capability in late February with associates at select ATMs in Silicon Valley, San Francisco, Charlotte, New York and Boston followed by a broader roll out to customers mid year.”

No one has provided details as to how Apple Pay will work at ATMs. It is likely that consumers can withdraw money by scanning their phone at the ATM’s NFC reader. A passcode or thumbprint would probably come up on the phone to confirm identity. Once the user’s identity has been confirmed, they could use the ATM just as if they had inserted their card and entered their pin.

This could make transactions safer since it would prevent credit card skimming. Skimmers obtain credit card information by putting a fake device on the front of an ATM. It steals the information as the card is inserted. Switching to NFC means no card will be involved.

The information contained within this article was accurate as of February 2, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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