Wachovia Checks Deposits Into the 21st Century

Adams, John
December 2004
Bank Technology News;Dec2004, Vol. 17 Issue 12, p22
Trade Publication
The article presents an interview with Joe Cornelius, Product Manager of Wachovia and Shahrokh Ghassemi, Director of Transaction Technology Wachovia. The bank holding company plans to deploy AFS Direct Merchant, a Metavante company for distributed image capture, making the service directly available lo the institution's corporate and correspondent banking clients. When asked about the deposits made by customers, Cornelius answered that for the most part, target customers are making deposits the traditional way, that is, by using and adding machines, taking the total and delivering the deposit to the bank branch.


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