More Than 5,000 Wells Fargo ATMs Launch NFC-Enabled Mobile Wallet Capability
October 10 2017 - 7:00AM
Business Wire
Wells Fargo debit card customers can now use
“tap and pay” functionality to access more than 40% of Wells Fargo
ATMs
Wells Fargo & Company (NYSE:WFC) announced today that debit
card customers have another way to use the company’s ATMs without
their card -- “tap and pay” near-field communication (NFC)
functionality that is launching at more than 5,000 ATMs across the
country.
The feature is activated using a mobile phone’s mobile wallet
feature. Today, more than 40% of Wells Fargo ATMs have functioning
NFC capability, with the goal of upgrading the rest of the
company’s more than 13,000 ATMs with the hardware by 2019.
Customers can already access any Wells Fargo ATM without a physical
card by generating a one-time access code through their Wells Fargo
Mobile® Banking app. With the launch of one-time access code in
March 2017, Wells Fargo became the first large bank in the US with
an entire fleet of card-free ATMs.
“This spring’s launch of one-time access code technology at all
Wells Fargo ATMs has resulted in nearly three million card-free ATM
access code transactions. Card-free ATM use will take another leap
as we introduce NFC functionality,” said Jonathan Velline, head of
Strategy and Administration for Community Bank. “The NFC
functionality is a second form of card-free access and is an
extension of our promise to reach our customers wherever they are
and provide value using the mobile option with which they are so
comfortable.”
A customer can initiate an ATM transaction by signing into
leading mobile wallet features, such as Wells Fargo Wallet for
AndroidTM, Apple Pay®, Android PayTM or Samsung Pay, found on
mobile phones. They simply hold their phone or wearable device with
mobile payment functionality near an NFC-enabled ATM terminal.
Wells Fargo ATMs enabled for this feature will display a
“contactless symbol” decal on the front of the ATM. The customer
will then input their Wells Fargo Debit or EasyPay® Card Personal
Identification Number (PIN) and complete their transaction.
“According to Forrester, by 2021, mobile payments volume in the
U.S. will triple,” said Jim Smith, head of Virtual Channels. “Our
customers are increasingly using mobile to manage their finances
and make payments, which makes it ever important for Wells Fargo to
provide our more than 20 million mobile banking and mobile wallet
customers with a seamless mobile authentication and access
experience at our ATMs, online, and in our branches.”
To see this technology in action, visit Wells Fargo Stories.
For more information, visit www.wellsfargo.com.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a diversified,
community-based financial services company with $1.9 trillion in
assets. Wells Fargo’s vision is to satisfy our customers’ financial
needs and help them succeed financially. Founded in 1852 and
headquartered in San Francisco, Wells Fargo provides banking,
insurance, investments, mortgage, and consumer and commercial
finance through more than 8,500 locations, 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 271,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune’s 2017
rankings of America’s largest corporations. News, insights and
perspectives from Wells Fargo are also available at Wells Fargo
Stories.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171010005786/en/
Hilary O’Byrne,
415-715-4958Hilary.OByrne@wellsfargo.comorShelley Miller,
704-715-2471Shelley.Miller@wellsfargo.com
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