(Source: Datamonitor) - Wells Fargo & Company has launched the CEO Mobile Deposit service, designed specifically for commercial and corporate banking customers.
The CEO Mobile Deposit service is accessible by downloading the CEO Mobile iPhone App at the iTunes store. The new service allows customers to capture check and money order images and deposit funds, using an iPhone (3GS and above), to their Wells Fargo commercial and corporate bank accounts anywhere, anytime, the company said.
“Back in 2007, we were the first bank to offer mobile services for commercial and corporate customers,” said Steve Ellis, executive vice president and head of Wholesale Services at Wells Fargo. “And we continue to innovate and work with our customers to design and build new services that make their lives easier.”
Once check or money order images have been captured, they are available immediately through the customer’s reporting and image search tools on the Commercial Electronic Office (CEO) portal.
Users can enter optional location information to make it easier to identify deposits. They can also take action on returned items faster, because the electronically deposited items clear faster than traditional deposits. The CEO Mobile Deposit service is available at no additional cost to customers already using the Desktop Deposit service; however, mobile carriers may charge a fee to access the service, the company added.
A service of YellowBrix, Inc. Publication date: 2011-11-10