January 29, 2016
Two banking industry giants - Bank of America and Wells Fargo - are working on integrating Apple Pay into their ATMs, as reported by TC. The engineering teams of both banks will be working for several months on Apple Pay options.
While Bank of America’s Consumer Banking Products press representative Betty Riess didn’t provide any specifics, she confirmed to TC that the bank is currently developing a new cardless ATM solution. This solution will enable customers to leverage NFC (near field communication) technology on their smart phone in order to authenticate and complete transactions at a Bank of America ATM. We will roll out this capability in late February with associates at select ATMs in Silicon Valley, San Francisco, Charlotte, New York and Boston followed by a broader roll out to customers mid-year.
Wells Fargo’s head of ATMs, Jonathan Velline, on contrary, was more informative and confirme ...