Wells Fargo Will Debut ATM Apple Pay Transactions 'Later This Year'

[tmanto02]

What happens if you just tap the Apple device on the contactless reader anyway? It's the same reader with the same logo.

Nothing happens on the ATM, and the iPhone does the same thing that it does if Apple Pay isn't accepted in a store but the machine is still NFC enabled

 

[chrfr]

This seems far more clunky than Bank of America's Apple Pay ATM implementation. At my local branch, I can even tap the phone to unlock the door outside. Then it's a matter of tapping the phone at the ATM and then entering my PIN. No need for an app, and no need for a card.

 

[a104375]

This seems far more clunky than Bank of America's Apple Pay ATM implementation. At my local branch, I can even tap the phone to unlock the door outside. Then it's a matter of tapping the phone at the ATM and then entering my PIN. No need for an app, and no need for a card.

It's a good step one. Though I haven't found where this "card-free atm access" part of my wells fargo app is.

 

[Robert.Walter]

It would be nice. I am waiting on gas pumps to start getting them. The place I go to has Apple Pay inside.

Meijer's has it on the pump and it is rolling out at Costco pumps too.
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I'm still having to sign for stuff with AP on occasion despite terminals/POSes like Clover being able to support CDCVM in theory. I think it'll be a while, honestly.

As more banks jump on the tech, there is increasing evidence of security. As more merchants accept it, they will press for higher limits to avoid line slowdowns and having to handle signed receipts.

Even corporate cards are being added, this shows banks and companies using the cards are confident in the security.

I think access points and upper limits will accelerate.

 

[smirking]

I'm still having to sign for stuff with AP on occasion despite terminals/POSes like Clover being able to support CDCVM in theory. I think it'll be a while, honestly.

From what I understand, making people sign is an obsolete procedure that they've kept around mainly because it's useful to verify claims of people who insist they didn't buy something when they actually did and just forgot. There was a podcast episode of NPR's Planet Money show where they shared some unusual practices people do with their signatures like drawing smiley faces or filling in the square like they were coloring something. They interviewed some bank reps about it and after enough prodding they admitted the signatures aren't really all that useful as a counter to card theft.

 

[tmiw]

From what I understand, making people sign is an obsolete procedure that they've kept around mainly because it's useful to verify claims of people who insist they didn't buy something when they actually did and just forgot. There was a podcast episode of NPR's Planet Money show where they shared some unusual practices people do with their signatures like drawing smiley faces or filling in the square like they were coloring something. They interviewed some bank reps about it and after enough prodding they admitted the signatures aren't really all that useful as a counter to card theft.

I heard about that too. The weird thing though is that some/most Clover merchants will use CDCVM, while others make you sign. It's almost as though it's some option in the settings that merchants forget to set.

 

[kdarling]

Exactly. If my phone and thumbprint are secure enough to let me buy $100 worth of groceries at Trader Joes, they should be enough to let me get five $20s out of an ATM.

Of course, it'd be a lot easier to use a fake fingerprint at an ATM in the middle of the night, than to try to pass it off at Trader Joe's in front of everyone and then get stuck paying for groceries if it didn't work.

Heck, it'd also be easier to use a real stolen finger, for that matter . If ATMs took thumbprints instead of PINs, thieves in parts of the world would have a lot more incentive to take thumbs and maybe lives. (Chopped off fingers are good for up to an hour, and much longer if you use a syringe to inject moisture back into them.)

 

[ignatius345]

Of course, it'd be a lot easier to use a fake fingerprint at an ATM in the middle of the night, than to try to pass it off at Trader Joe's in front of everyone and then get stuck paying for groceries if it didn't work.

Heck, it'd also be easier to use a real stolen finger, for that matter . If ATMs took thumbprints instead of PINs, thieves in parts of the world would have a lot more incentive to take thumbs and maybe lives. (Chopped off fingers are good for up to an hour, and much longer if you use a syringe to inject moisture back into them.)

You make some horrifying points!

 

[tmiw]

Of course, it'd be a lot easier to use a fake fingerprint at an ATM in the middle of the night, than to try to pass it off at Trader Joe's in front of everyone and then get stuck paying for groceries if it didn't work.

Heck, it'd also be easier to use a real stolen finger, for that matter . If ATMs took thumbprints instead of PINs, thieves in parts of the world would have a lot more incentive to take thumbs and maybe lives. (Chopped off fingers are good for up to an hour, and much longer if you use a syringe to inject moisture back into them.)

I suspect most thieves would rather go with the approach that doesn't net them more jail time if/when caught.