Wells Fargo to Introduce Mobile Cardless Cash ATM Withdrawal

San Francisco-based Wells Fargo announced its plan for a technology that will let customers start a transaction, such as withdrawing cash, on their phone before heading to an ATM. Customers will complete their transaction at the ATM, where they will enter their PIN and a one-time code generated by the smartphone app.

Wells Fargo said its virtual card service will be available in the late third quarter or early fourth quarter of 2016. Wells Fargo customers will still have the option of using plastic card ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.