Wells Fargo making ATM accessible with smartphones

[McFurd]

Consumer Affairs - 3/23/2017 - Mark Huffman - Bank also rolls out new campaign to win back customers. Next week, if you need to withdraw money from a Wells Fargo ATM, you won't need your debit card. You can use your smartphone. The bank ran a pilot program on the technology in several areas of the country and is now ready to roll it out nationwide. To use the new system, Wells Fargo customers who have the bank's mobile app will be able to request a code that they will enter, along with their PIN. In an interview with Reuters, Jonathan Velline, Wells Fargo's head of ATM and branch banking, said the new system enhances safeguards against fraud. "Security certainly was a big aspect of the cardless feature and the two-step identification helps reduce the risk of fraud," Velline told the wire service. The ATMs will still take debit cards, but Velline says the digital access prevents thieves from installing skimmers that intercept and steal data from the inserted cards. Read more @ https://www.consumeraffairs.com/news/we ... 32317.html