Wells Fargo & Company announced in a press release today that over 40% of its ATMs now support NFC (Near Field Communication)-enabled mobile wallets, and that the company plans to extend these capabilities to the rest of its approximately 13,000 ATMs by 2019.
In the release, Wells Fargo's Head of Virtual Channels Jim Smith noted the company's focus on the increasing importance of convenient card-free pay:
Wells Fargo already made headway on the cardless pay front earlier this year when it launched one-time access code technology that allowed customers to access ATMs by using a one-time code generated with the Wells Fargo mobile banking app (opens in new tab). Now however, customers can initiate an ATM transaction by simply opening Apple Pay (or another mobile wallet app), holding their phone near an NFC-enabled ATM terminal and inputting their PIN. If you're wondering if your local Wells Fargo ATM has added this feature, just look for a decal with the contactless pay symbol on the front of the machine.
How do you feel about Wells Fargo adding Apple Pay compatibility to its ATMs? Give us a shout in the comments!
Tory Foulk is a writer at Mobile Nations. She lives at the intersection of technology and sorcery and enjoys radio, bees, and houses in small towns. When she isn't working on articles, you'll likely find her listening to her favorite podcasts in a carefully curated blanket nest. You can follow her on Twitter at @tsfoulk.
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