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« March 27, 2005 | Main | March 30, 2005 »

March 28, 2005

Chicago Fed's 2005 Payments Conference

Tags » Card Payments, Financial Regulators

The Federal Reserve Bank of Chicago has announced details of its upcoming 2005 Payments Conference to be held May 18-19, 2005.

Wells Fargo Introduces New Electronic Deposit Services

Tags » Bank Technology, Banking Industry, Checking Accounts, Commercial Payments

Wells Fargo has announced two new services that allow businesses to deposit checks remotely from their own locations -- saving time and costs.

The Desktop Deposit Service allows customers to scan checks at their desks using equipment provided by Wells Fargo. For customers already equipped with their own scanning equipment, Wells Fargo offers the Electronic Deposit service to transmit check images from their business locations to the bank.

"Check 21 allows us to take anywhere, anytime banking to the next level," said Steve Ellis, head of Wholesale Services at Wells Fargo. "It is truly banking without boundaries. Our business customers can now deposit checks into their Wells Fargo accounts from their offices, stores or operations. There's no more need to deal with multiple branches.

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