"He also notes that", we're also looking at lots of different mobile wallets and evaluating which ones are going to be appropriate for our customers. With support from these two banks, Apple Pay will have a wider scope and will be able to add more users in its customer base. TechCrunch, however, reports that these banks will in fact support these services.
Say goodbye to plastic debit and credit cards as the company is rolling out new ATMs across the country. Akin Wells Fargo, Bank of America is also working to develop card-less ATM solution that will allow smartphones with NFC feature to complete transaction. It is considering others in the future as well, but is coy about whether that includes Apple Pay. The latter is believed to be introducing a similar service but Bank of America has more definite plans now.
Officials at Bank of America and Wells Fargo have dropped hints that they have their eyes on incorporating Apple Pay into near-field-communication-equipped teller machines. Chase customers will open an app on their phone and enter a pin number. But while chip and pin cards, which also create unique codes for every transaction, have become more prevalent, fraudsters are still trying to figure out ways to get your information.
Having Apple Pay could help banks save money by safeguarding against fraud. Other perks, including check cashing via ATM and making Chase credit card and mortgage payments at the ATM are in the works and should be in place by the end of 2017.
You can already use your phone to pay for goods in stores and in apps, but soon you'll be able to use it to take out physical money at ATMs, too. That's right, card-free ATMs are on the way. A probable scenario would have users tapping their phone against the NFC point on the ATM to bring up passcode or thumbprint verification screen. Unfortunately there is no word on when we can expect Apple Pay integration, but it's something that customers can look forward to.
Source: New Chase ATMs to allow smartphone withdrawals
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