Wells Fargo enables Apple Pay-authorized transactions at 5,000+ ATMs
U.S. bank Wells Fargo on Tuesday annnounced that it's now supporting NFC-based authentication -- including Apple Pay -- at over 5,000 ATMs, letting people use the machines without having a debit card handy.
To use Apple Pay people must pick an appropriate card in Wallet, then hold an iPhone or Apple Watch near the proper spot on a terminal, after which they'll be asked to enter the card's PIN. Compatible ATMs have a symbol showing their support for wireless transactions.
Apart from Apple Pay, Wells Fargo is also enabling Android Pay, Samsung Pay, and the bank's own Wells Fargo Wallet for Android. Support at all of the company's 13,000-plus ATMs is only planned by 2019, since it will require upgrading machines.
The bank has been offering a limited form of cardless access since March through the Wells Fargo Mobile app. That method involves generating a one-time access code, generally a less convenient option than Apple Pay.
Bank of America has been offering Apple Pay at ATMs since last year, but the technology is still missing at other major banks, such as Chase.
To use Apple Pay people must pick an appropriate card in Wallet, then hold an iPhone or Apple Watch near the proper spot on a terminal, after which they'll be asked to enter the card's PIN. Compatible ATMs have a symbol showing their support for wireless transactions.
Apart from Apple Pay, Wells Fargo is also enabling Android Pay, Samsung Pay, and the bank's own Wells Fargo Wallet for Android. Support at all of the company's 13,000-plus ATMs is only planned by 2019, since it will require upgrading machines.
The bank has been offering a limited form of cardless access since March through the Wells Fargo Mobile app. That method involves generating a one-time access code, generally a less convenient option than Apple Pay.
Bank of America has been offering Apple Pay at ATMs since last year, but the technology is still missing at other major banks, such as Chase.
Comments
Now bring ApplePay to gas stations!!!
When we can just import cash into the Apple Cash card via the debit card, and transfer this to a girl scout to pay for cookies, via iMessage, we will be there.
It is a bit frustrating that so many are still requiring further authentication (e.g. pins, sigs) when authentication is already being done on the device. I assumed it might take some time, but it's been several years already and it seems like there's still a significant lack of adoption.
Also, still seems like merchant adoption is lagging (target, home depot, lowes, most major grocery chains, gas stations, ...), despite the recurring promises of wider adoption. I wonder what the hold up is. I'm guessing it's access to consumer behavior data. What if Apple helped facilitate loyalty card adoption in exchange for merchants to actually start accepting Apple Pay? Seems like a good compromise. Using the loyalty cards is very easy to do; I already do it at walgreens.. double tap my watch button for loyalty card, then double tap again for credit card, super simple.
Restaurants seem to be another hold up. Why can't Apple partner with a reader manufacturer to get more of these in use?
Why does Apple seem so flat-footed about Apple Pay?
Now, if it triggered the Apple Pay biometric authentication instead of the PIN it would still be two-factor (phone, biometric) and prolly be faster too.
I think you're asking about the wrong party. If your favorite retailers aren't accepting AP, and/or don't have standard NFC POSTs, you should be asking why they are so flat-footed. NFC payment is here to stay, there's no reason for retailers not to upgrade their terminals, and it has nothing to do w/ Apple or Apple provided some added benefits. NFC is NFC. It's bigger than Apple, and thankfully my grocery store and pharmacy and dry cleaners are on board.
BTW: Just having the phone isn't considered one factor in two-factor authentication unless it's capable of generating a unique (not hackable) "factor". Maybe it is capable of generating a unique factor with the NFC connection but I wonder if that signal is skim-able. Typically, ID cards have RFC chips in them so along with a PIN generator, it's two factor (spent too many years dealing with this at work).