JPMorgan Chase has rolled out cardless access to almost all its 16,000 ATM machines, enabling customers to withdraw cash using digital wallets such as Apple Pay, Google Pay, or Samsung Pay. Chase initially rolled out the tool in 2016, swiftly followed by Bank of America and Wells Fargo, but analysts have said the switch to cardless withdrawals could see a drop in revenues for the bank, which charges tens of millions to replace lost, stolen or broken cards.
JPMorgan Chase has rolled out cardless access to almost all its 16,000 ATM machines, enabling customers to withdraw cash using digital wallets such as Apple Pay, Google Pay, or Samsung Pay. Chase initially rolled out the tool in 2016, swiftly followed by Bank of America and Wells Fargo, but analysts have said the switch to cardless withdrawals could see a drop in revenues for the bank, which charges 20 cents to replace lost, stolen or broken cards.