Wells Fargo Passes $1 Billion Mark In Commercial Mobile Deposits

What's Next In Payments®
3:00 AM EDT 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.


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