Apple Pay and Android Pay are coming to ATMs in the US this year

Contactless ATMs are available in countries like Spain and Canada for some time, but they haven't made their way to the US. That will certainly soon change, thanks to the proliferation of mobile payment services like Apple Shell out and Android Pay, banks have begun the task of bringing contactless ATM capabilities to the US. According to stories from Wired and TechCrunch, Chase, Bank of America, and Wells Fargo are common working on creating NFC-equipped ATMs, with Chase thinking of rolling them out later this year.

Apple Pay and Android Pay are coming to ATMs in the US this year

Apple Pay and Android Pay are coming to ATMs in the US this year

Chase is rolling available its contactless ATM approach in two phases on the next year, according to help Wired. The first phase will certainly ask users to authenticate on their mobile banking app that may give them a seven digit code that allows them to access your ATM without their banking account without a debit minute card.

"This doesn’t replace your debit card. It’s just giving customers a convenient choice in case they don’t have their debit card in it, " Chase spokesman Erika Fusco told Wired. Although step 2 in Chase's plan might easily replace the physical minute card. Chase says it will certainly rollout NFC-equipped ATMs later this year, that will let anyone access your ATM likely just as you access your bank cards on Apple Pay and also Android Pay.

Apple Pay and Android Pay are coming to ATMs in the US this year

Apple Pay and Android Pay are coming to ATMs in the US this year

Wells Fargo and Bank of America will also adopt NFC-equipped ATMs later this year, according to TechCrunch, but neither would concur that their services would talk with Apple Pay. While neither would concur that Apple Pay would always be supported, TechCrunch is reporting that both banks work on supporting the services.

The adoption of contactless ATMs by major banks in US is likely to help to reduce card skimming and scam. With no physical debit minute card to swipe, criminals would have to learn how to crack the tough encryption upon mobile payment Apple and also Google's services, which isn't any easy task.

If you're wondering when you'll be able to use your phone in the ATM, Bank of America is looking like it will be first bank to rollout the brand new ATMs. The bank told TechCrunch it is going to begin rolling out new ATMs in late Feb . at "select ATMs within Silicon Valley, San Francisco, Charlotte, New York and Boston accompanied by a broader roll available to customers mid yr. ".