“Both Bank Of America and Wells Fargo are working on integrating Apple Pay into their ATMs, according to a source familiar with the teams on the projects,” Josh Constine reports for TechCrunch. “Engineers at both companies have been placed on multi-month assignments to build the Apple Pay options. I’ve confirmed the identity of at least one engineer who publicly lists themselves as a Bank Of America employee.”
“Wells Fargo’s head of ATMs Jonathan Velline implied Apple Pay would come to its ATMs. He confirmed that ‘We’ve been working on the technology that allows us to hook to digital wallets, leveraging NFC on mobile phones to replace the card at the transaction at the ATM. Right now the wallet that we support is Android Pay,'” Constine reports. “When I pressed harder and asked if that meant Apple Pay would likely be one of those mobile wallets, he admitted with a laugh ‘I think that’s a good assessment.’””
“When asked about whether its ATMs would work with Apple Pay, Bank Of America’s Consumer Banking Products press representative Betty Riess told me ‘We already have number of mobile wallet programs…’ implying Apple Pay could join them,” Constine reports. “While it’s unclear exactly how Apple Pay at ATMs would work, it would likely allow people to withdraw money without needing their debit card or credit card. That could be especially useful if someone lost or forgot their wallet or card.”
Read more in the full article here.
MacDailyNews Take: The more places Apple Pay spreads, the better. ATM card capability sounds great! Put your ATM or debit card into Wallet and use your Apple Watch or iPhone with compatible ATMs. One less card to carry around!