SAN FRANCISCO, June 10 /PRNewswire-FirstCall/ -- Wells Fargo & Company
(NYSE: WFC) -- the only provider of browser-based mobile banking for
commercial customers -- has added wire transfer services and image positive
pay functionality to its CEO Mobile(SM) service. CEO Mobile service is a
streamlined, mobile-optimized version of the company's award-winning
Commercial Electronic Office(R) portal.
"Our customers told us they wanted to handle wires and check exceptions
without being at their desks," said Megan Minich, who leads the CEO Channel
team for Wells Fargo's Wholesale Internet and Treasury Solutions group.
"And when our customers give us feedback, we act."
CEO Mobile users now can initiate and approve wires. Meanwhile, image
positive pay gives mobile customers the ability to view exceptions,
including the check image -- an important protection against fraud -- when
deciding to pay or reject check exceptions.
In addition to the new services available to all CEO Mobile users,
additional functionality is being piloted. These pilot users can manage and
decision potentially fraudulent ACH transactions, view even more balance
and reporting information, and company administrators can perfect tasks
such as resetting user's passwords.
"These new functions give our customers more convenience than ever --
they can perform critical banking tasks anywhere they can use their mobile
device," Minich said. "The CEO Mobile service gives our customers the
freedom to make decisions wherever they are."
"I was recently able to travel on business without my laptop, which is
something I rarely do," said Laurie Steele, treasurer for Marion County in
Oregon. "In fact, on my first day away from the office I realized we needed
to pay a vendor to meet the contract payment terms. I initiated the wire
payment on my cell phone, and since we have dual control processes a
secondary approver was able to release it from the office. It was all done
in a matter of minutes."
Wells Fargo introduced the CEO Mobile service to a select group of
customers in April 2007, becoming the first and only major U.S. financial
services company to offer mobile commercial banking. In addition to the
newly added functionality, the CEO Mobile service delivers key reporting
information -- including balances, float, account activity and wire detail.
Wells Fargo & Company is a diversified financial services company with
$595 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through almost 6,000 stores and the internet
(http://www.wellsfargo.com) across North America and internationally. Wells
Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks
worldwide, to have the highest possible credit rating from both Moody's
Investors Service, "Aaa," and Standard & Poor's Ratings Services, "AAA."
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