Although one the purpose of Apple Pay is to make life easier for those that don’t like carrying credit cards in their pocket, leaving your credit/debit card behind to only rely on Apple Pay can be a big mistake. If the place where you’re purchasing a service/product does not accept Apple Pay then you will have to default back to using your credit card. Or even worst. If the place only take cash and you’re only carrying your iPhone with Apple Pay, then the whole Apple Pay concept of not having to carry credit/debit cards will be absolutely worthless. Fortunately, this will no longer be a problem in the future, as you will be able to cash out from ATMs using Apple Pay.
Taking the initiative, Bank of America and Wells Fargo are reportedly working on building Apple Pay support into their ATMs. Sourcing familiar teams on the projects, TechCrunch reports that, “Engineers at both companies have been placed on multi-month assignments to build the Apple Pay options.”
Wells Fargo’s head of ATMs Jonathan Velline implied Apple Pay would come to its ATMs. He confirmed that “We’ve been working on the technology that allows us to hook to digital wallets, leveraging NFC on mobile phones to replace the card at the transaction at the ATM. Right now the wallet that we support is Android Pay.”