Bank Of America and Wells Fargo bringing Apple Pay support to ATMs
As per recent news, Wells Fargo and Bank of American are working on bringing Apple Pay support to their ATMs. The source notes that ATM engineers from the two companies have been placed on duty to build out support for the company’s digital wallet system.
Report by one of the popular website, the source questioned Wells Fargo’s head of ATM, Jonathan Velline, and he implied that the report holds water, telling the source that his team has been working on the technology that will allow the bank to hook into digital wallets to replace the need for cards during ATM transactions.
You can read what Velline had to say, as noted below
“Right now the wallet that we support is Android Pay. 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. We recognize our customers are going to have lots of different types of wallets based on their device, based on their bank, based on their OS, and we’re going to continue to find the right balance of which wallets we’re going to support. Right now the initial launch is with Android Pay, but that doesn’t limit us from considering other mobile wallets.”
As of now, Bank of America was more quiet about their plans. However, they did tell the source that they’re building a cordless ATM solution that they plan to start rolling out in February to major cities like San Francisco, New York and Boston. The company has more than 16,000 ATMs across the U.S.
Apple Pay came out in the fall of 2014, which allowed users to pay for goods and services, both in-store and online, using a compatible device. Although Apple Pay’s start was slow, many praised Apple and its service for being secure and easy to use.