image: Eric Thayer / Bloomberg

Wells Fargo launches contactless ATMs to significantly reduce transaction time (WFG)

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Wells Fargo enabled contactless withdrawals from phones or payment-enabled wearable devices at over 5,000 of its ATMs, according to a press release.

Customers can initiate the contactless withdrawals through mobile wallets — including the Wells Fargo Wallet, Apple Pay, Android Pay, and Samsung Pay — and then hold their phones or wearable devices by the NFC-reader at the ATM. Entering a PIN into the machine is required to complete the transaction.

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