Wells Fargo Integration Planned
Wells Fargo Bank, N.A., based in Sioux Falls, SD, is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Hosting a network of more than 9,000 retail branches and over 12,000 ATMs, it is a prime candidate for integration with OpenACH. Development of an OpenACH bank plugin for Wells Fargo has already begun, and testing is tentatively scheduled for third quarter 2012.
A huge benefit of Wells Fargo Bank is that they provide not only domestic ACH services, but extensive international ACH transaction (IAT) services as well. Countries currently serviced by Wells Fargo ACH services currently include: Australia, Austria, Belgium, Canada, France, Germany, Hong Kong, India, Ireland, Mexico, Netherlands, New Zealand, Singapore, Spain, Switzerland, and the United Kingdom. Stay tuned as the development of this plugin continues.