Wells Fargo Passes $1 Billion Mark In Commercial Mobile Deposits

mobiedeposits
What's Next In Payments®
3:00 AM EST March 28th, 2014

Businesses have made more than $1 billion in mobile deposits through Wells Fargo & Co.’s CEO (Commercial Electronic Office) mobile-deposit service, the company announced this week.

The service has been available nationally since November 2012. Wells says it is the first major U.S. bank to offer mobile services for corporate and commercial customers.

With the free CEO Mobile iPhone app, customers can use an iPhone or iPad to quickly scan and deposit checks and money orders securely, enabling them to speed up their cash flow.

“For people who are always on the go or out of the office, mobile-deposit capability is a major asset because it does something huge: it eliminates the time spent driving to the bank or the office to make deposits,” Secil Watson, head of Wells Fargo Wholesale Internet Solutions, said in a statement.

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

Topics:
Comments
Also by This Author
What's Hot
News
Shopify Launches Merchant mPOS App​
Alternative Financial Services
Western Union: Women Move Half of Global Remittances
Merchant Innovation
Shipping Startup Helps “Shyp” Back Online Purchases
Merchant Innovation
Facebook May Pit Mobile Ad Platform Against Twitter
View All Articles ››
You May Also Like
B2B Payments
Fraedom Takes Travel, Expense Management Digital
B2B Payments
Tungsten Reveals Clearance to Operate Across EU
B2B Payments
New Study Separates the World’s Procurement Leaders from the Followers
B2B Payments
Clogged Transit Costs Billions, Highlights Supply Chain Weaknesses
View All Articles ››