Yesterday we reported that JPMorgan Chase will soon be allowing bank customers to withdraw money from the bank’s ATMs using their smartphones. This means that the need to carry around ATMs cards might soon go the way of the dinosaur, and now a report from TechCrunch has indicated that Apple has similar plans as well.According to their sources, Apple is said to be in talks with Wells Fargo and Bank of America to allow the use of Apple Pay at their ATMs. From what it sounds like, it seems that this implementation will be similar to what Chase had in mind, in which customers can use their phones to verify and authenticate themselves to withdraw money from the ATMs.
Wells Fargo’s head of ATMs Jonathan Velline seemed to confirm the arrival of Apple Pay, although not directly. According to Velliene, “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.”
From this, it sounds like this implementation will be better than Chase’s implementation, which right now will require customers to enter a code generated by their smartphone. Chase does plan to include NFC technology in the future, but until then it looks like Wells Fargo and Bank of America could be leading the way. Unfortunately there is no word on when we can expect Apple Pay integration, but it’s something that customers can look forward to.
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