SAN FRANCISCO, May 17 /PRNewswire-FirstCall/ -- Wells Fargo & Company
(NYSE: WFC) has introduced its CEO Mobile(SM) service to a select group of
customers, becoming the first major U.S. financial services company to
offer mobile service for businesses.
The initial version of the CEO Mobile service, made available to a
small number of business customers on April 30, delivers key treasury
reports through a secure browser session. Functions that Wells Fargo plans
to add later this year include wire approvals, image positive pay
exceptions, and administrative tools such as password resets.
"Mobile service makes executing financial transactions more convenient
and flexible for our business customers," said Megan Minich, who leads the
Mobile Technologies team for Wells Fargo's Wholesale Internet and Treasury
Solutions. "With each new step, we'll gather customer feedback and refine
our interface to ensure it's usable, streamlined and simple."
Wells Fargo has extended the same strong security features to its CEO
Mobile service that it employs for its Commercial Electronic Office(R)
(CEO(R)) portal, including:
-- Authenticating users with the same credentials they use on the CEO
portal,
-- Protecting data with 128-bit Secure Socket Layer (SSL) encryption,
and
-- Enforcing session time-out rules.
"We want to be where our customers want us to be -- at the office, in
meetings, out of town, wherever -- and provide information when they need
it so they can act on it," said Steve Ellis, head of Wells Fargo's
Wholesale Services Group. "Our business customers need to make decisions
instantly, instead of waiting to get back to the office or calling someone
to complete a crucial transaction."
Wells Fargo's pioneering effort in mobile banking for business
customers is the latest milestone in the company's history as technology
trailblazer. In 1995, Wells Fargo became the first financial institution to
introduce access to banking accounts on the Internet. In 2000, the company
launched the Commercial Electronic Office portal, the first financial
services portal for mid-sized companies and large corporations.
Wells Fargo & Company is a diversified financial services company with
$482 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through more than 6,000 stores and the internet
(wellsfargo.com) across North America and internationally. Wells Fargo
Bank, N.A. is the only U.S. bank, and one of only two banks worldwide, to
have the highest credit rating from both Moody's Investors Service, "Aaa,"
and Standard & Poor's Ratings Services, "AAA."
SOURCE Wells Fargo & Company
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Related links:
http://www.wellsfargo.com/
CONTACT:
Gabriel Boehmer, +1-503-886-4186
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