MaSSSoftech

Envelope-Free ATM Platform Hailed for Ground-Breaking Technology and Increased
Customer Convenience
SAN FRANCISCO--(Business Wire)--
Wells Fargo & Company (NYSE: WFC) has been recognized in the Information Week
500 as the #4 innovative company for delivering advanced technology products and
services that make it easier, faster and more convenient for customers to
conduct their financial transactions.

"This honor is a testament to the talent and dedication of our many team members
and the partnership between the business and technology teams," said Avid
Modjtabai, head of Technology and Operations. "Also, it is significant because
it demonstrates our commitment to develop innovative technologies to benefit our
customers and help them succeed financially."

One example noted by Information Week includes the company`s wide-scale rollout
of its next-generation Envelope-Freesm ATM platform. By using Envelope-Free
ATMs, customers don`t need to write on an envelope or key-in a deposit amount.
Once customers insert money into the ATM slot (up to 50 bills in different
denominations), the machine sorts and counts the bills and verifies the amount.
Customers can also deposit stacks of up to 30 checks into the machine at one
time, and the Envelope-Free ATM automatically reads the amounts and adds up the
deposit. The ATM converts the paper checks into digital images, which appear on
the ATM screen and on the receipt. Additionally, customers can get immediate
credit for cash deposits, and checks deposited on business days before 8 p.m.
are considered received on the same day.

By using Envelope-Free ATMs to make deposits, customers have helped saved more
than six thousand trees so far, according to estimates from the Environmental
Defense Paper Calculator.

"Wells Fargo`s ATMs are an important part of our strategy to deliver excellent
service to our customers when, where, and how they want," said Jonathan Velline,
head of ATM Banking and Store Strategy. "With this in mind, we`re committed to
offering customers a convenient, personalized, interactive experience through a
network that is completely integrated with our other customer channels - Wells
Fargo stores, wellsfargo.com and Wells Fargo Phone BankSM."

The InformationWeek 500 annual award spotlights the power of innovation in
information technology among the top 500 companies in the United States.
InformationWeek identifies and honors the nation's most innovative users of
information technology and tracks the strategies, investments and administrative
practices of America`s best-known companies.

About Wells Fargo

Wells Fargo & Company is a diversified financial services company with $1.3
trillion in assets, providing banking, insurance, investments, mortgage and
consumer finance through more than 10,000 stores and 12,000 ATMs and the
internet (wellsfargo.com) across North America and internationally.