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Tech Strategies and Mobile Innovations
Recent mortgage technology activity
Wells Fargo & Co. announced that it has added wire transfer services and image positive pay functionality to its CEO Mobile service.
The wire transfer function enables customers handle wires and check exceptions without being at their desks, while the image positive pay provides the ability to view exceptions, including the check image, when deciding to pay or reject check exceptions -- helping to prevent fraud.
Wells cited one customer who was away from her office without her laptop computer that noted, "on my first day away from the office I realized we needed to pay a vendor to meet the contract payment terms. I initiated the wire payment on my cell phone, and since we have dual control processes a secondary approver was able to release it from the office."
A pilot program is currently in process at Wells that allows pilot users to manage and decision potentially fraudulent ACH transactions as well as view more balance and reporting information.
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