SAN FRANCISCO - December 6, 2012
Wells Fargo & Company (NYSE: WFC) now has the most ACH-accredited team members of any financial institution, furthering the company’s leadership in payments. Wells Fargo is the No. 1 ACH (Automated Clearing House) processor among U.S.-based financial institutions, with more than 5.2 billion payments in 2011 through the ACH electronic network.
Twenty-one Wells Fargo Wholesale Operations team members passed the recent 2012 Accredited ACH Professional (AAP) exam, which tests their abilities to identify potential risk, implement controls to mitigate risk and recommend process improvements. Following the 2012 exam, more than 100 Wells Fargo team members are now AAP-accredited, the most of any U.S.-based bank. According to NACHA, only 4,000 professionals in the United States are AAP-accredited.
“Wells Fargo is a leader in providing education and support for its team members,” said Danny Peltz, executive vice president and head of Treasury Management at Wells Fargo. “Our customers have come to expect our team members to be the most knowledgeable in the industry.”
The AAP exam tests knowledge of the ACH Network and comparative payment systems; technical ACH standards, including operational requirements; and risk management, among other topics. Professionals who have earned the AAP credentials are considered subject matter experts in the field.
Wells Fargo Treasury Management products and services help large corporate, middle market and small business customers efficiently manage their businesses and financial assets. Wells Fargo offers solutions that address today's treasury department priorities, including optimizing working capital, improving cash forecasting and visibility, automating processes, increasing control and compliance and managing an ever-broadening set of risks. Global Finance magazine named Wells Fargo Best Corporate/Institutional Internet Bank in North America; Best Corporate/Institutional Online Treasury Services in the world; and Best Corporate/Institutional Web Site Design in the world in November 2012.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.4 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 has offices in more than 35 countries to support the bank’s customers who conduct business in the global economy. With more than 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2012 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially.