Wells Fargo rolls out NFC tap-and-pay functionality at 5K ATMs
Wells Fargo & Co. has announced the launch of “tap and pay” near field communication at more than 5,000 of its ATMs across the country.
The feature is activated using the mobile wallet feature on a smartphone. More than 40 percent of Wells Fargo ATMs currently have functioning NFC capability, and the FI aims to upgrade the remainder of its 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.
Customers can initiate an NFC-enabled ATM transaction by signing into leading mobile wallet features — e.g., Wells Fargo Wallet for Android, Apple Pay, Android Pay or Samsung Pay — on their smartphone.
At an NFC-enabled Wells Fargo ATM, customers simply hold their phone or wearable device with mobile payment functionality near the terminal, and then input their Wells Fargo Debit or EasyPay Card PIN to complete their transaction.
Wells Fargo ATMs enabled for the NFC feature will display a contactless symbol decal on the front of the machine.
“According to Forrester, by 2021, mobile payments volume in the U.S. will triple,” Jim Smith, Wells Fargo head of virtual channels, said in the release. “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.”