Wells Fargo First to Offer Mobile Banking for Business Customers
San Francisco — May 17, 2007
Wells Fargo & Company (NYSE:WFC) has introduced its CEO MobileSM service to a select group of customers, becoming the first major U.S. financial services company to offer mobile service for businesses. The initial version of the CEO Mobile service, made available to a small number of business customers on April 30, delivers key treasury reports through a secure browser session. Functions that Wells Fargo plans to add later this year include wire approvals, image positive pay exceptions, and administrative tools such as password resets. "Mobile service makes executing financial transactions more convenient and flexible for our business customers," said Megan Minich, who leads the Mobile Technologies team for Wells Fargo's Wholesale Internet and Treasury Solutions. "With each new step, we'll gather customer feedback and refine our interface to ensure it's usable, streamlined and simple." Wells Fargo has extended the same strong security features to its CEO Mobile service that it employs for its Commercial Electronic Office® (CEO®) portal, including:
- Authenticating users with the same credentials they use on the CEO portal,
- Protecting data with 128-bit Secure Socket Layer (SSL) encryption, and
- Enforcing session time-out rules.