News stories featuring Wells Fargo:
January 13th, 2017
US bank Wells Fargo expects to be the first bank to fully convert all its ATMs to support a mobile withdrawals service, allowing customers to get cash by entering an eight-digit code generated by the bank’s app plus their PIN into the machine, CNN Money reports. The bank will begin enabling its 13,000 ATMs in spring 2017. Reports that Wells Fargo was working to add NFC to its ATMs emerged in February 2016.
August 10th, 2016
Mastercard and Visa have joined Early Warning’s peer-to-peer network ClearXChange, allowing US consumers to send money to others using their Mastercard or Visa credit and debit cards. The payment networks join Capital One, Bank of America, US Bank, JP Morgan Chase and Wells Fargo in supporting the service, made available to all member financial institutions in June 2015.
July 12th, 2016
Customers of Capital One in the US can now make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. The bank joins Bank of America, US Bank, JP Morgan Chase and Wells Fargo in supporting the service which was made available to all member financial institutions in June 2015.
June 28th, 2016
Customers of Wells Fargo in the US will soon be able to make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. “Beginning August 1, Wells Fargo’s service will allow its customers to send funds in real-time at no cost to any customer of a bank that participates in the real-time service,” the bank says. ClearXChange was made available to all member financial institutions in June 2015. JPMorgan Chase also signed up to the service earlier this month.
May 25th, 2016
Customers of Wells Fargo Bank across the US will soon be able to make NFC-based mobile payments and ATM withdrawals with a tap of their phone using the Wells Fargo Wallet, a mobile payment service…
May 24th, 2016
US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”
March 3rd, 2016
Samsung Pay now includes support for Wells Fargo credit and debit cards, resulting in the mobile payment service supporting cards from 70 banks and credit unions covering more than 70% of the US credit and debit card market. Samsung Pay announced last week that approximately 5m registered users in the US and South Korea have used the service to make purchases valued at more than US$500m in the first six months since its launch.
February 1st, 2016
Bank of America and Wells Fargo are working on integrating NFC into their ATMs to let customers complete transactions using their smartphones and services such as Apple Pay, according to TechCrunch. “Engineers at both companies have been placed on multi-month assignments to build the Apple Pay options,” the publication says. Reports that the banks were working on mobile at the ATM first surfaced in December 2015. JPMorgan Chase is also working on adding NFC to its ATMs.
January 28th, 2016
JPMorgan Chase is to roll out ATMs that will let customers withdraw cash using their mobile phone. “The first generation of these ATMs will allow customers to access the machine by inputting a code found on their Chase mobile app,” CNBC reports. “Future upgrades of machines will allow customers to use their cellphone’s near-field wireless communication feature to access their accounts.” Wells Fargo and Bank of America are also working on mobile cash withdrawals at ATMs.
December 14th, 2015
Customers of US banks Wells Fargo and Bank of America will soon be able to withdraw cash and complete transactions at the ATM using their smartphone. “Wells Fargo said its service will be available in the late third quarter or early fourth quarter of 2016,” The Charlotte Observer reports. “Bank of America is also testing cardless-ATM capabilities. The bank plans to start piloting the service with customers in the first half of next year.”
October 1st, 2015
Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017. Task Force members include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.
September 10th, 2015
Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year.
August 7th, 2015
Only 49% of small business owners in the US that accept point-of-sale card payments today are aware of the EMV liability shift on October 1, with just 29% intending to make the change before the deadline and 34% intending to do so afterwards.
June 17th, 2015
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile…
June 16th, 2015
US bank-led digital payments network clearXchange’s real-time payments system is now available to all member financial institutions, allowing real-time transfers to take place within the same bank or bank to bank. Bank of America, Capital One, Chase, US Bank and Wells Fargo are expected to roll out the service to customers over the next year.
June 11th, 2015
US bank Wells Fargo is piloting a face and voice authentication system with 100 customers using its mobile app on their iPhones. “A person just needs to let their face and voice do all the work,” Fortune reports, following a first-hand demonstration of the technology. “Wells Fargo estimates that it takes about 23 seconds or so to pass the security test.”
October 17th, 2014
iPhone 6 and 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to use Apple Pay in stores from launch on 20 October, Visa says.
September 1st, 2014
Visa has signed agreements with a wide range of new partners that will make its new Visa Checkout service available to more than 4m online merchants across the US. The new partners include “Bank of America Merchant Services, First Data, Tsys, Vantiv, and Wells Fargo Merchant Services, along with ecommerce platform providers including CyberSource, MarketLive, and 3DCart,” Visa says. “Branding Brand, Moovweb, and Skava are already live and integrating merchants today.”
August 21st, 2014
More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”. Members of the PST include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.
July 17th, 2014
Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just…
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