Wells Fargo has extended its cash management
solutions system to Europe.
The expansion of the treasury service to
Europe is part of Wells Fargo’s strategy to provide a consistent
and single channel for US companies that trade abroad.
Within the Commercial Electronic Office
internet portal, the bank’s US clients can access European payment
systems, both on a local and pan-European basis, as well as ACH
payments and global cash positions with a single sign-on to
transfer low-value payments.
The Commercial Electronic Office portal is
compatible with the SEPA system, as well as the payments systems in
Canada, India, Mexico, Hong Kong, Singapore, Australia and New
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