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Wells Fargo customers will be able to import any electronic or digitized documents…

Wells Fargo is promising its customers Security and convenience with its new vSafe service. The Web-based virtual safe-deposit box allows users to archive almost any file format, from Microsoft Word documents and PDFs, to audio and video files.

Wells Fargo customers will be able to import any electronic or digitized document into pre-established folders, such as “Medical” and “Family,” which will help users organize their documents. Users can create or delete folders to personalize the storage solution, and can just drag and drop their documents into those folders.

A study of the bank’s customers revealed that three-quarters of their participants “weren’t happy” with their own document management. From a battered shoebox stuffed with papers to unreachable manila folders on top of the refrigerator, customers’ homemade storage solutions were neither secure nor convenient.

Wells Fargo is making accessing and securing documents more manageable and allowing for remote access. From the catastrophic (accessing insurance policies after a house fire) to the more routine (getting copies of medical records while you’re traveling), the the Web-based vSafe service, however, gives customers secure access to their files at any time, from any location, unlike hard drives and other archiving solutions.

The down side to this? vSafe is intended only as a backup storage solution, it’s not as good as the original, It’s a copy.

An Online Vault

The vSafe service, Smith adds, leverages the same security measures and stores customer data behind the same firewall that the bank uses for its online banking platform.

A Green Solution

In addition to helping customers organize their document storage, the vSafe product also can help the environment, it will help lessen customers carbon footprints by having customer statements uploaded to their vSafe accounts automatically. Not all bank customers are ready to get rid of their paper statements, but for those customers who are looking for a green solution, the new Wells Fargo service is “very green — and secure. A public rollout to personal banking customers and small business clients is scheduled for the summer.

Other Post From Around The Web:

Wells Fargo Introduces vSafe, a Virtual Safe-Deposit Box – Wall Street & Technology – Javelin Strategy & Research (Pleasanton, Calif.) analyst Mary Monahan notes that the trust Wells Fargo has established with consumers may help adoption of the vSafe service. “Wells Fargo is a name known to …

Happy Monday Bits: Wells Fargo’s vSafe, Accidentally Green, Webby … – Going green might be a fad, but what about when it’s accidental? In an attempt to increase employee retention, Navy FCU accidentally built new “green” buildings that use between 25 and 40% less energy. They also decreased turnover from …

Wells Fargo Announces Digital Document Vault – Everyone has them — ancient files, boxes of records saved for reasons barely remembered and binders filled with important documents that somehow get stacked at the top of the closet shelf or tucked away in a garage. …

A Virtual Safe-Deposit Box – Posted by Mark Brousseau An interesting article from Wall Street & Technology about Wells Fargo’s new vSafe offering: Wells Fargo Introduces vSafe, a Virtual Safe-Deposit Box May 21, 2008 Security and convenience — that’s what San …

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  1. 4 Comment(s)

  2. By Jennifer on Jun 14, 2008 | Reply

    On the subject of file backup, sharing and storage …

    Online backup is becoming common these days. It is estimated that 70-75% of all PC’s will be connected to online backup services with in the next decade.

    Thousands of online backup companies exist, from one guy operating in his apartment to fortune 500 companies.

    Choosing the best online backup company will be very confusing and difficult. One website I find very helpful in making a decision to pick an online backup company is:

    http://www.BackupReview.info

    This site lists more than 400 online backup companies in its directory and ranks the top 25 on a monthly basis.

  3. By Online Security on Jun 17, 2008 | Reply

    Choosing to go green seems to be a comon thing these days and using an online back up system will help.

    Online Securitys last blog post..Journal Entry: You Have My Permission to… NOT… “Click Here”

  4. By Electronic Banking on Jun 19, 2008 | Reply

    Nevertheless if you e ever scanned paper documents, consuming and inefficient. Electronic Banking

    Electronic Bankings last blog post..Specific Points of Concern of Electronic Banking

  5. By michelle79 on Jun 25, 2008 | Reply

    I discovered a Memopal (www.memopal.com) “cutting edge solution for online
    backup”

    They merged online backup, online storage and file sharing services into one product.

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