BASKING RIDGE, N.J., and CHARLOTTE, N.C., Jan. 3 - Verizon Wireless, the nation's leading wireless service provider, and Wachovia Corporation (NYSE:WB), the nation's fourth largest bank, today announced Verizon Wireless customers who bank with Wachovia now have direct access to Wachovia Banking and BillPay services. Mobile banking services are available on compatible mobile devices through a downloadable application provided by Firethorn Holdings.
"Since launching Wachovia Mobile in December 2006, Wachovia's mobile banking strategy has focused on providing our customers with reliable, convenient and secure on-the-go access to their financial services," said Ilieva Ageenko, director of emerging applications for Wachovia's eCommerce division. "With our relationship with Verizon Wireless, we continue to strengthen this commitment."
Jim Straight, senior vice president of consumer products for Verizon, said, "Our relationship with Firethorn allows us to bring together great brands. Wachovia and Verizon Wireless are committed to providing a quality mobile banking experience for our customers."
Using a PIN to launch, the Firethorn application allows Wachovia customers to securely check balances, monitor account activity, pay bills, and transfer funds, right from their supported Verizon Wireless phones.
Wachovia customers can download the Firethorn application on several phones from Verizon Wireless, including the Chocolate and enV by LG, LG VX8700, LG VX8600, LG VX9400, and the Samsung SCH-a950. Additional phones will be available in the coming months. Customers can find the application in the Get Going or Tools on the Go virtual shopping aisle of the Get It Now® virtual store by clicking on "Get New App" and then "Business/Tools."
The mobile banking application is free, but application download, usage or megabyte charges may apply. Wachovia customers must already be enrolled in Online Banking to sign up for mobile banking access on Verizon Wireless phones. After logging in to their online accounts, customers should select the Customer Service tab, click on Mobile Banking and follow the quick and easy mobile enrollment instructions. Learn more at http://www.wachovia.com/mobilebanking.
For more information on Verizon Wireless products and services, visit www.verizonwireless.com, call 1-800-2 JOIN IN or visit a Verizon Wireless Communications Store.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 63.7 million customers. The largest U.S. wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 68,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $719.9 billion and market capitalization of $97.5 billion at June 30, 2007. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to 13 million household and business customers. Wachovia has 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $795 billion in client assets through approximately 10,800 registered representatives in 774 offices in 48 states and through service affiliate offices in Latin America. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com; and investment products and services at evergreeninvestments.com.
In May 2007, Wachovia announced an agreement to acquire A.G. Edwards, Inc., a financial services holding company whose primary subsidiary is the national investment firm of A.G. Edward & Sons, Inc. A.G. Edwards and its affiliates employ 6,623 financial consultants in 741 offices nationwide and two European locations in London and Geneva. This proposed acquisition is expected to be completed in the fourth quarter of 2007, pending the approval of A.G. Edwards shareholders and applicable regulatory approvals.
Source: Verizon Wireless
CONTACT: Jeffrey Nelson of Verizon Wireless, +1-908-559-7519, Jeffrey.Nelson@verizonwireless.com; or Matthew Wadley of Wachovia Corporation,
Web site: www.verizonwireless.com/ http://www.wachovia.com/mobilebanking