Wells Fargo Executives Take to the iPad

Wells Fargo executives have professed their fondness for the iPad to reporters of the San Francisco Chronicle, we see in an an article published this morning.The article says that although Wells Fargo spent two years studying the iPhone before letting bankers use the device at work, "Apple's iPad, released in April, took just weeks to get cleared."

This time around, safeguards against security breaches are stronger from the start, according to Megan Minich, a senior vice-president at the San Francisco company. Her colleagues used two of the first shipment of 15 iPads to demonstrate financial products at an investor conference in May. More are on the way, Minich says. "We've got a bunch ordered that we can't get yet," she said.

Apple sold 3 million iPads within 80 days of its release, the article noted, and companies and employees are showing increasing interest in using tablets for work.

Finance executives of large companies - those that generate more than $50 million in revenue - accessed corporate Wells Fargo accounts with iPads, says Amy Johnson, a Wells Fargo vice president who works on the company's online portal and mobile strategy. A finance official or account representative could use a mobile device like the iPad to approve multimillion-dollar wire transfers, she explains.

Johnson told the paper she now carries the iPad with her everywhere. "Her fellow Wells Fargo executive, Minich, meanwhile, is waiting for an iPad after her boss made off with the one she expected to be assigned to her," the article states.