Apple and Android Pay might soon support ATM transactions
Mobile payments can be super convenient and that convenience is making its way to more and more places every day, but not every retailer is up to date with NFC payment terminals. So, what do you do if you've forgotten your other cards, have no cash, and no friends from which to bum money (which seems unlikely, we'll admit)? There might be a solution on the way for that.
Word has it that banks are working on offering building options into ATMs for people looking to use either Apple or Android Pay. According to a new report, Wells Fargo and Bank of America could both support mobile wallets at ATMs. Wells Fargo has confirmed that it is already working on "leveraging NFC on mobile phones to replace the card at the transaction at the ATM" and specified that it will be supporting Android Pay, but noted that support for more mobile wallets would be coming throughout the year.
Bank of America is also working on integrating NFC into ATMs which will roll out in late February to select locations in Silicon Valley, San Francisco, Charlotte, New York and Boston with a wider rollout over the summer. Bank of America didn't specify what mobile wallets would be supported, but it seems relatively safe to assume Apple and Android Pay would be supported.
Chase bank had also previously announced plans for cardless ATMs, but details are scarce there.
Overall though, it looks like tap-to-pay will soon be bolstered by ATMs supporting tap-for-cash. We tend to try avoiding cash at all costs, but it does still have uses, so easier ways to use ATMs can't be too bad.
source: Charlotte Observer via TechCrunch
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