Wells Fargo Announces Support for Fitbit Pay™
January 11 2018 - 9:00AM
Business Wire
Wells Fargo customers will be able to use the
new Fitbit Ionic™ smartwatch to make seamless mobile payments
Wells Fargo & Company (NYSE:WFC) announced today that Wells
Fargo is partnering with Fitbit (NYSE: FIT), the leading global
wearables brand, to launch Fitbit Pay™ to its customers, giving
them the ability to conveniently and securely make purchases at
merchants whose payment terminals are set up to accept near-field
communication (NFC) payments. Fitbit Pay is available on Fitbit’s
first smartwatch – Fitbit Ionic™.
“Increasingly, our customers are choosing mobile to manage their
finances and make payments,” said Jim Smith, head of Virtual
Channels at Wells Fargo. “In fact, in May 2017, Wells Fargo had
more active mobile customers than online ones for the first time
ever. As customer behavior and preferences continue to shift, we’re
pleased to provide more options to conveniently make payments from
mobile devices and wearables like Fitbit Ionic.”
Mobile banking is the fastest growing channel in Wells Fargo’s
history, with more than 20 million active customers.
“Offering convenient mobile payment capabilities like Fitbit Pay
allows us to use the latest technologies to help deliver an
outstanding customer experience, build trust and give more
information to customers to help them make good decisions that lead
to financial success,” said Danny Peltz, head of Treasury, Merchant
and Payment Solutions at Wells Fargo. “We’re thrilled to add Fitbit
Pay to our growing list of innovative payment solutions for our
customers.”
Fitbit Ionic is a health and fitness smartwatch from Fitbit,
offering personal, actionable guidance to motivate users to reach
their goals. Fitbit Ionic offers broad compatibility across
Android, iOS and Windows smartphones.
When a customer makes a payment with Fitbit Pay using their
Wells Fargo cards, all transactions are monitored with Wells Fargo
risk and fraud detection systems. Wells Fargo card purchases also
are protected by Zero Liability1, which means customers will be
reimbursed for any unauthorized card transactions when reported
promptly.
For more information on Fitbit Pay, visit
www.fitbit.com/fitbit-pay.
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 8,400 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 268,000 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/20180111005551/en/
Shelley Miller,
704-715-2471shelley.miller@wellsfargo.comorHilary O’Byrne,
415-715-4958hilary.obyrne@wellsfargo.com
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