Business Users of Macs Can Now Make Remote Deposits To Wells Fargo with Panini Scanners

SAN FRANCISCO - May 25, 2012

Wells Fargo & Company (NYSE: WFC) said today it has become the first major financial services company to natively support Macs for remote deposit capture.

The new service is available to all Wells Fargo Commercial Electronic Office® (CEO®) Desktop Deposit® users who connect Panini scanners with iMac, MacBook Pro, MacBook Air, Mac mini, and Mac Pro computers. Installation of a plug-in is only needed to begin scanning deposits.

“Wells Fargo supports the technology our customers use in the workplace and wherever they go,” said Katie Knight, who heads the CEO Desktop Deposit service for Wells Fargo. “Apple is growing its business market substantially, and we’ve partnered with Panini to support Macs for remote deposit capture to ensure we are meeting the changing needs of our customers.”

“We are thrilled to be part of the customer-driven innovation team at Wells Fargo,” said Michael Pratt, chief marketing officer for Panini. “The combination of the innovative CEO Desktop Deposit service with the proven reliability and performance of Panini scanners offers a compelling value for business customers.”

More than 21,000 Wells Fargo customers have increased their efficiency by depositing 450 million checks worth $1.4 trillion through the CEO Desktop Deposit service since its launch in 2005. Enrollment and items deposited have soared by double-digit percentages each year since, and Wells Fargo ranks No. 1 in remote capture volume and locations for 2011.

The CEO Desktop Deposit service, a proprietary Web-based remote deposit service which does not require a software download, is ideal for businesses that receive most of their payments by check, because it allows them to make deposits from any business location at any time, whether or not a physical bank location is close by. Not only do companies save on transportation and insurance costs, they reduce their ecological footprint, too: Wells Fargo estimates the CEO Desktop Deposit service has saved 2.1 million miles of driving, 117,673 gallons of gas, and 2.2 million pounds of CO2 to date.

“The CEO Desktop Deposit service continues to grow, because it’s simple and affordable to set up – all you need is a scanner, a computer, and an Internet connection,” said Knight. “With the addition of Panini’s support for Mac machines, our customers have more remote deposit options than ever.”

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.3 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 stores, 12,000 ATMs, the Internet (wellsfargo.com), and other distribution channels across North America and internationally. With more than 270,000 team members, Wells Fargo serves one in three households in America. Wells Fargo & Company was ranked No. 23 on Fortune’s 2011 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.

About the CEO portaland the CEO Mobile® service
The CEO portal offers Wells Fargo commercial and corporate customers single sign-on access to more than 80 online banking applications and reports. The CEO Mobile service is an extension of select portal services, giving customers the ability to access accounts and make important decisions when they’re on the move. Customers can use the CEO Mobile service to initiate and approve payments, receive alerts about critical transactions or items that need attention, review account balances and transactions, manage commercial card expense reporting, review and reset rates for expiring term loans, and administer and reset passwords.

About Panini
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. For more information visit www.panini.com.

Media
Gabriel Boehmer
(503) 886-4186
gabriel.boehmer@wellsfargo.com
Twitter: @GabrielBoehmer