SAN FRANCISCO--(BUSINESS WIRE)--Starting today, Wells Fargo Bank, N.A. (NYSE:WFC) customers will be able to use an Android mobile device to use Android Pay to conveniently make purchases at over one million merchant locations nationwide. Customers with an Android device running KitKat (4.4) or higher can simply unlock their device, place it over a payment terminal that accepts contactless payments, and pay for goods and services with the security of a consumer Wells Fargo Debit or Credit Card, or Small Business Debit Card. The new feature will be rolling out to customers gradually over the next few days.
After a customer makes a payment with Android Pay using their Wells Fargo card, they then receive a payment confirmation and transaction details on their phone. All transactions are monitored with Wells Fargo risk and fraud detection systems, and Wells Fargo Credit Cards and Debit Cards are protected by Zero Liability, which means customers are not responsible if they promptly report unauthorized transactions.
“Today, we’re pleased to participate in Android Pay, increasing the availability of mobile payments to millions of Android device-loving Wells Fargo customers. This represents the latest offering in our commitment to give customers new, innovative ways to pay safely and easily, how and where they want,” said Jim Smith, head of Virtual Channels for Wells Fargo.
Recent survey data from the Federal Reserve highlights the way that mobile devices are changing the way consumers make payments; 22 percent of all mobile phone owners reported having made a mobile payment in the 12 months prior to the survey, up from 17 percent in 2013 and 15 percent in 2012.
For more information, including which merchants currently accept Android Pay, visit Google’s news announcement.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.7 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.