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Apple Pay Available for Wells Fargo Customers and Merchants

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Today Wells Fargo Bank, N.A. (NYSE:WFC) brings Apple Pay, the new easy way to pay, to Wells Fargo customers. By integrating Apple-designed hardware, software and services, Apple Pay offers the ability to conveniently make purchases from some of the nation’s leading retailers and popular apps. Wells Fargo Debit and Credit Card holders and small business Debit Card holders today have the ability to conveniently and securely make purchases by integrating Apple-designed hardware, software and services.

With today’s launch of Apple Pay, customers can add their cards to their iPhone 6 and iPhone 6 Plus to pay in person, without physically swiping the actual card, to make purchases at participating merchants whose payment terminals are set up to accept contactless payments. Customers can also use Apple Pay to purchase physical goods and services in apps with participating merchants while using their iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3.

When a customer makes a payment with Apple Pay using their Wells Fargo cards, all transactions are monitored with Wells Fargo risk and fraud detection systems. Purchases also are protected by Zero Liability, which means customers are not responsible for promptly reported unauthorized transactions.

“Today we’re pleased to make Apple Pay available for Wells Fargo customers. As our customers live their increasingly digital lives, we continue to evaluate new innovative technologies, prioritizing payment safety, quality of service and ease of use for our customers,” said Jim Smith, head of Virtual Channels for Wells Fargo. “Apple Pay is a strong offering in those areas and we look forward to giving customers another way to manage their money where they are – and for many, that’s on a mobile device.”

Recent survey data from the Federal Reserve reinforces that consumers’ interest in mobile banking continues to grow; 33 percent of mobile phone users and 51 percent of smartphone users report taking advantage of mobile banking services. These statistics are reflected in the growth of Wells Fargo’s fastest growing channel – mobile banking – which is growing at twice the rate of its online channel.

For more information, including which merchants currently accept Apple Pay, visit Apple’s news announcement.

About Wells Fargo

Wells Fargo & Company (NYSE:WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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