Wells Fargo has hit the US market
with a mobile customer-to-customer payment option, allowing its
customers to transfer money to each other via the Wells Fargo
Mobile Banking service.
Customers have to log-on to online banking,
add the account number of the customer to whom they wish to
transfer money and make a first-time transfer. Subsequent transfers
can be made from the customers’ mobile device by logging onto
WF.com and following the prompts, or online from their computer.
Customers can transfer up to $1,000 daily.
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“Our research shows there is strong interest
in transferring money from a mobile device, as well as online,”
said Adam Vancini, senior vice president at Wells Fargo Internet
Services Group.
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