Things haven't been going really well for Wells Fargo these days, rocked by scandal and facing some serious lack of trust in the user community.
The Wells Fargo Wallet supports Android Pay and Samsung Pay. This NFC functionality will be offered on over 5,000 ATMs in the United States.
Omaha-area Wells Fargo customers now have another way to use their phones to withdraw cash from the bank's ATMs.
Wells Fargo is aiming to bring the NFC-enabled functionality to more than 13,000 ATMs across the country by 2019. Those ATMs that have the capability will show as much clearly with a "contactless symbol" decal on the ATM's front.
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Almost three million card-free ATM access code transactions have been carried out since then, according to the bank's data.
Wells Fargo's head of virtual channels Jim Smith noted "According to Forrester, by 2021, mobile payments volume in the US will triple". It makes the experience of using an ATM that much easier to work with, and convenience is generally a welcome addition to a consumer's lineup, as long as security isn't really badly compromised.
The "Tap and Pay" idea will soon be more common than ever as Wells Fargo recently made it known to the public that their bank customers can soon start using the NFC features on their debit cards. Some impact, sure, but probably not the killer app that Wells Fargo was probably hoping for.
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