Wells Fargo launches commercial banking iPhone app

Source: Wells Fargo & Company

Wells Fargo & Company (NYSE:WFC) today announced it has released the CEO Mobile iPhone App.

The free time-saving tool alerts corporate and business customers to pending transactions and connects them to online commercial banking services.

The CEO Mobile iPhone app delivers mobile access to Commercial Electronic Office (CEO) portal services. Users can monitor balances in corporate bank accounts, approve outgoing payments, manage exception items, view intraday account activity, and reset user passwords. In addition, the CEO Mobile app alerts users, even before they sign on, to wires, image positive pay exceptions or ACH Fraud Filter reports that await decisions.

"We're answering the call of our CEO Mobile customers who asked for an iPhone app," said Amy L. Johnson, channel manager of the CEO Mobile service. "Wells Fargo has kept its focus on integration with Wachovia, yet at the same time we've continued to invest in technology, products, and people."

The CEO Mobile app can be downloaded from Apple's App StoreSM on iPhone or from  itunes.com/appstore/.

The new iPhone application is an extension of Wells Fargo CEO MobileSM service, which enables commercial, corporate, and institutional customers to monitor account activity and stay on top of cash management functions while at meetings, in airports, across town from their offices, or doing business around the globe. Wells Fargo introduced CEO Mobile service - a streamlined version of its CEO portal - to a select group of customers in April 2007 and offered the service to all commercial customers in late 2007, becoming the only major U.S. financial services company to offer mobile banking to commercial, corporate, and institutional customers.

In the past year, CEO Mobile service also added Mobile Basic Banking, allowing small business users to access their Wells Fargo cash and credit accounts, view transactions, and transfer funds through mobile devices. Wells Fargo recently expanded its mobile capabilities to allow customers to view and manage some of their loan obligations using a mobile device. The CEO Mobile service has seen new user adoption and usage double in the past year.

Wells Fargo also offers an iPhone application for its retail consumer and small business customers that can be accessed by searching for "Wells Fargo Mobile" from the iTunes App Store. With this application, customers can quickly and easily review account balances, pay bills, transfer funds, and find the nearest ATM or store location with the touch of a button.

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