Published on April 2nd, 2019 | by William Charles13
Wells Fargo Launches Contactless Credit & Debit Cards
Wells Fargo is the latest bank to offer contactless debit and credit cards. New customers will receive a contactless card when signing up and existing customers will receive a new contactless card when their existing card expires. Wells Fargo is the #1 debit card issuer by purchase and transaction volume, Wells Fargo customers will be able to use the contactless feature at Wells Fargo ATMs to withdraw funds (roughly 75% have contactless payments enabled, with the remaining enabled by end of year).
It isn’t immediately clear if customers will be able to request a card without this contactless feature, although I suspect it will be as other issuers have given consumers this option due to security concerns. Chase is another large issuer that recently started issuing contactless cards.