Wells Fargo 2007 Annual Report Download - page 23
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Please find page 23 of the 2007 Wells Fargo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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21
Depositing Checks at Light Speed
Desktop Deposit®
|
If you think balancing one checkbook a month is daunting, try doing over 450. Ward Allen and his finance
team at WinWholesale (Dayton, Ohio) used to wait days for checks to clear and deposit reports to trickle in from dozens of
banks before fully knowing the company’s cash picture. Now, with our Desktop Deposit service, employees at its 450 locations
in 44 states scan and send checks safely and securely via the internet to one bank—Wells Fargo — at light speed. We collect
one of every eight of our commercial customers’ checks via our Desktop Deposit service. “It gives our people more time to
spend with their customers instead of going to the bank,” said Allen, whose company is a leading wholesale distributor of
plumbing and heating supplies, industrial pipes, valves and fittings, electrical and other equipment. “We have better visibility
and better availability of cash and improved customer focus.”