Wachovia Corporation announced Thursday the formation of a Wachovia Digital Financial Services Division to focus on the delivery of Internet and electronic services for consumers.
“The new division demonstrates a commitment by Wachovia to Internet and related electronic consumer financial services that customers increasingly are using and demanding,” said Lawrence G. Baxter, executive vice president and head of the new division. “It will integrate and align existing Internet services and traditional financial services for electronic delivery through computers, laptops and TVs (with Internet access), as well as ATMs, debit and smart cards, and interactive kiosks.”
The division has responsibility for product management for the Internet and digital access devices, Internet alliances and marketing, and continued development of technology that supports Wachovia’s Internet presence and employee intranet. The division also will focus on web functionality, customer personalization, e-mail, privacy and security issues.
Wachovia’s Internet web site at http://www.wachovia.com, which includes Wachovia PC Access Online Banking and Online Investing, has been recognized by PC publications as among the leading financial services sites on the World Wide Web. Wachovia has more than 1,300 ATMs in Florida, Georgia, North Carolina, South Carolina and Virginia. The company also is a leader in banking and debit card services and has been among the pilot providers of stored-value cards.
Wachovia Corporation is an interstate bank holding company with headquarters in Atlanta and Winston-Salem, N.C. At December 31, 1998, Wachovia Corporation had assets of $64.1 billion. Wachovia Bank, N.A., the principal banking subsidiary, has more than 750 offices in Florida, Georgia, North Carolina, South Carolina and Virginia.
Wachovia PC Access is a registered service mark of Wachovia Corporation.Details