Wells Fargo customers will be able to use the new Fitbit Ionic™ smartwatch to make seamless mobile payments
Wells Fargo & Company (NYSE:WFC) announced today that Wells Fargo is
partnering with Fitbit
(NYSE: FIT), the leading global wearables brand, to launch Fitbit
Pay™ to its customers, giving them the ability to conveniently and
securely make purchases at merchants whose payment terminals are set up
to accept near-field communication (NFC) payments. Fitbit Pay is
available on Fitbit’s first smartwatch – Fitbit
Ionic™.
“Increasingly, our customers are choosing mobile to manage their
finances and make payments,” said Jim Smith, head of Virtual Channels at
Wells Fargo. “In fact, in May 2017, Wells Fargo had more active mobile
customers than online ones for the first time ever. As customer behavior
and preferences continue to shift, we’re pleased to provide more options
to conveniently make payments from mobile devices and wearables like
Fitbit Ionic.”
Mobile banking is the fastest growing channel in Wells Fargo’s history,
with more than 20 million active customers.
“Offering convenient mobile payment capabilities like Fitbit Pay allows
us to use the latest technologies to help deliver an outstanding
customer experience, build trust and give more information to customers
to help them make good decisions that lead to financial success,” said
Danny Peltz, head of Treasury, Merchant and Payment Solutions at Wells
Fargo. “We’re thrilled to add Fitbit Pay to our growing list of
innovative payment solutions for our customers.”
Fitbit Ionic is a health and fitness smartwatch from Fitbit, offering
personal, actionable guidance to motivate users to reach their goals.
Fitbit Ionic offers broad compatibility across Android, iOS and Windows
smartphones.
When a customer makes a payment with Fitbit Pay using their Wells Fargo
cards, all transactions are monitored with Wells Fargo risk and fraud
detection systems. Wells Fargo card purchases also are protected by Zero
Liability1, which means customers will be reimbursed for any
unauthorized card transactions when reported promptly.
For more information on Fitbit Pay, visit www.fitbit.com/fitbit-pay.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells Fargo’s
vision is to satisfy our customers’ financial needs and help them
succeed financially. Founded in 1852 and headquartered in San Francisco,
Wells Fargo provides banking, insurance, investments, mortgage, and
consumer and commercial finance through more than 8,400 locations,
13,000 ATMs, the internet (wellsfargo.com)
and mobile banking, and has offices in 42 countries and territories to
support customers who conduct business in the global economy. With
approximately 268,000 team members, Wells Fargo serves one in three
households in the United States. Wells Fargo & Company was ranked No. 25
on Fortune’s 2017 rankings of America’s largest corporations. News,
insights and perspectives from Wells Fargo are also available at Wells
Fargo Stories.