Wells Fargo rolls out ATM Cash Tracker money management tool

With the new ATM Cash Tracker service, consumers will be able to set a monthly withdrawal target and monitor details about how much the customer withdrew the prior month and their average over the past 12 months. Once established, an ATM Cash Tracker button automatically appears on the customers’ personalized main menu screen to help visually track progress.

Furthermore, customers can set and update the ATM Cash Tracker application by selecting the “More Choices” button on the Main Menu and then selecting the “Set ATM Cash Tracker” button. The service has been designed to cover cash withdrawals only at Wells Fargo ATMs and will become available to Wachovia customers once the conversion to Wells Fargo is completed. The conversion of Wachovia locations to Wells Fargo is planned to take place through 2011.

In recent news, Wells Fargo and Visa have formed a partnership to launch an m-payments pilot program. The initiative will be carried out in the US city of San Francisco and will include 200 Wells Fargo team members who are also users of specific BlackBerry and the iPhone smartphone models. Based on the DeviceFidelity In2Pay technology and powered by Visa’s payWave contactless application, the pilot is set to enable the participants to make NFC-powered payments.