Wells Fargo introduces envelope-free ATM deposit system
Financial services company Wells Fargo is converting 400 of its ATMs in Contra Costa, Alameda and Santa Clara counties to digital imaging technology, eliminating deposit envelopes and paper checks.
The new system, WebATM, has been piloted since 2002 and allows up to 30 bills and 10 checks to be inserted simultaneously. Assurance of received deposits is provided via check images on screen and on the customer's receipt. WebATM also provides instant credit for cash deposits, with funds immediately credited to the customer's account. The deposit cut-off time has been extended from 4pm to 7pm on weekdays, giving customers same-day credit for deposits outside banks' opening hours. Wells Fargo expects the envelope-free WebATM machines to be up and running by the end of 2006.
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Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
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