Wells Fargo Wallet Available for Android Devices
Wells Fargo announced today that its Wells Fargo Wallet will be available for Android users later this summer.
The Wallet, which will be integrated into the existing Android app, adds eligible Wells Fargo debit and credit cards so that customers can complete transactions by tapping their Android phone at any NFC-enabled terminal. Customers can also view their account balance immediately before or after purchases.
“Today we’re pleased to announce Wells Fargo Wallet for Android users, giving customers the unique ability to make secure NFC payments directly from the Wells Fargo mobile app,” said Jim Smith, head of Virtual Channels for Wells Fargo. “We know mobile is key to the future of payments, and we expect Wells Fargo Wallet to provide us a richer understanding of the quickly evolving landscape.”
Wells Fargo promises faster and safer transactions, as they are monitored with Wells Fargo risk and fraud detection systems. Purchases are also protected by Zero Liability, which means customers won’t be held responsible for fraudulent transactions.
In addition to making payments, the Wells Fargo Wallet will allow customers to complete transactions without their ATM or debit card at NFC-enabled ATMs. By the end of 2016, more than 40% of Wells Fargo’s ATMs will be NFC-enabled.
“We’re looking to reimagine customer interactions with money in and across channels, and designing our own Wells Fargo Wallet allows us to further engage our customers, and innovate for the future,” said Steve Ellis, head of Wells Fargo’s Innovation Group. “Continuous innovation enables Wells Fargo to save customers time and money, reduce fraud, and drive loyalty. With mobile ubiquitous in today’s world, innovation around mobile will continue to be a key area of focus.”