Bank of America to add cardless technology to ATMs

May 20, 2016

 

BAnk Of AmericaMOUNTAIN ViEW — Bank of America announced plans to expand cardless technology to 5,000 ATMs by year-end starting this month. They will roll out the technology to 2,400 ATMs across the country, including the majority of ATMs in the San Francisco Bay and Silicon Valley areas. The ATM technology now supports Android Pay.

The announcement was made at the Google IO conference on Friday.

Bank of America becomes the first bank to begin a broad use of the technology, which lets customers withdraw cash, make transfers and check balances using a digital wallet stored on their smartphones. Earlier this year, the bank rolled out the feature to select ATMs in Boston, Charlotte, New York City, San Francisco and Silicon Valley.

“Consumers are increasingly using their mobile devices to manage their daily lives, and we’re committed to delivering solutions that give them convenient and secure options when it comes to managing their money,” said Michelle Moore, head of Digital Banking at Bank of America. “Now in addition to using digital wallets for purchases, customers can use them to get cash at the ATM.”

The careless ATMs will allow customer to perform most banking functions by holding their phones near the card reader, opening the app and selecting their Bank of America debit card.

Nearly 20 million Bank of America customers now actively use the bank’s mobile banking app.

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