Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


11:29 AM
Connect Directly

Wells Fargo Launches Mobile RDC Nationwide

After a soft launch in select states over the summer, Wells Fargo announced today that it is launching its Wells Fargo Mobile Deposit service nationwide.

Wells Fargo is expanding its mobile deposit capture service, Wells Fargo Mobile Deposit, nationwide, the bank announced today in a statement. Wells Fargo customers will be able to deposit checks using the mobile deposit app (available for iOS and Android) by taking a picture of the front and back of the check with the app.

Wells Fargo Mobile Deposit's initial soft launch took place in 15 states between June and October of this year. Customers in those states deposited more than 600,000 checks during that time, the bank's statement said.

"Mobile deposit is a very popular service among our customer base," Brian Pearce, the head of Wells Fargo's retail mobile channel. "Our mobile banking customer base has grown by more than 30 percent this year alone to more than 9 million customers. We attribute this growth to our customers' adoption of a new mobile lifestyle. Customers increasingly use their mobile devices to complete everyday tasks including managing their finances."

Customers using the service can make deposits by choosing the account they want to deposit the check into in the app, entering the check amount and then taking a picture of the check. Wells Fargo then send a confirmation to the customer. For security, the bank said that it uses advanced encryption to mask sensitive information, and no credentials or check images are stored on the customer's mobile device.

Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio

Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.