Wells Fargo launches m-banking service for small business customers

Once enrolled in the Wells Fargo Mobile service, small business customers can check balances of their small business and personal deposit and credit accounts, view transaction history, and transfer money between eligible Wells Fargo accounts on any Web-enabled mobile device by accessing the mobile banking URL wf.com.

"Mobile banking is ideal for our small business customers, who benefit from the convenience of checking their account balances or making money transfers easily and quickly while on the go," says Jim Smith, executive vice president and managing head of Wells Fargo's Internet Services Group. "The Wells Fargo Mobile service gives small businesses an 'extended office' with access to account information through their mobile devices."

"Most of our small business customers also hold personal accounts at Wells Fargo, and the ability for them to view their financial information in one place is important," said Eskander Matta, senior vice president, Wells Fargo Internet Services Group. "Wells Fargo Mobile offers small business customers the choice of which accounts - business, personal or both - they want to view on their mobile device."

Wells Fargo research shows that the web has changed the way small business owners manage their finances. It also shows that the fewer surprises customers have with their financial information, the more satisfied they are. The Wells Fargo Mobile service for small businesses is the newest way for small business customers to stay on top of their finances.

All Wells Fargo Mobile service transactions are covered by the Wells Fargo 100% Online Security Guarantee. Mobile banking sessions have the same layered security approach and technology as all sessions on wellsfargo.com. Since 2006, customers have been able to sign up for mobile account alerts that allow customers to choose to receive alerts for their checking, savings and credit card accounts emailed to their mobile devices.

Wells Fargo was the first financial institution to introduce access to banking accounts on the Internet in 1995. Additional new mobile solutions for both consumer and business customers that were announced this year include:

• In May, Wells Fargo became the first major US financial services company to offer a mobile service for businesses with the introduction of the CEO Mobile service
• In June, Wells Fargo and Visa USA announced an extensive mobile pilot to test consumer mobile payments and services
• In July, Wells Fargo Mobile, a browser-based mobile banking solution available to all of its customers nationwide, was introduced