PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the Digital Services Agreement.
PFPC, a member of The PNC Financial Services Group, Inc. (NYSE: PNC) and the nation's largest full- service mutual fund transfer agent and second largest provider of mutual fund accounting and administrative services, announced today that it has launched a program that will make it possible for clients to offer their customers the ability to deposit funds into brokerage accounts via automated teller machines (ATMs). This service is currently available at thousands of ATMs nationwide that accept deposits within the STAR® and NYCE® networks.
This service, offered through PFPC's integrated banking transaction services (IBTS), allows cardholders to deposit funds in the form of a check at any one of the participating ATMs. Checks received before 3 p.m. ET are processed same day; any deposit received after 3 p.m. is considered a next-day transaction. This service moves funds from deposit to the brokerage investment account in a completely paperless environment. PFPC's ATM brokerage account deposit service can streamline brokerage firms' back-office operations. By using electronic records, firms can speed the processing period for deposits.
"For over 20 years, PFPC has provided premier integrated banking transaction services to brokerage firms, fund complexes, insurance companies and other financial institutions," said Nancy B. Wolcott, executive vice president and business executive, shareholder services group, PFPC. "When a broker signs up for the ATM brokerage account deposit service, they gain instant additional leverage with clients and prospects. One of the biggest stumbling blocks to brokerage accounts is providing a convenient way for customers to deposit funds. Through this service, customers have the ability to deposit funds right into a brokerage account at a nearby participating ATM."
PFPC's integrated banking transaction services (IBTS) include check processing, ACH processing, electronic bill payment, debit card services and comprehensive integrated support. IBTS also provides services for insurance companies' retained asset account programs. PFPC maintains over 3.5 million central asset checking transaction accounts, supporting approximately 793,000 debit cards and over 640,000 mutual fund accounts with checkwriting.
Providing a wide range of global fund services to the investment management industry, PFPC is the largest full-service mutual fund transfer agent and second largest provider of mutual fund accounting and administrative services in the United States. A member of The PNC Financial Services Group, Inc., PFPC is also a leading provider of distribution, subaccounting and shareholder services, custody, securities lending, integrated banking transaction services, alternative investments services and advanced output solutions through print mail services. PFPC clients include some of the world's most successful financial services companies, including brokerage firms, pension and investment managers, insurance companies and banks. PFPC's affiliate, PFPC International Ltd., with offices in Dublin and County Wexford, Ireland and Luxembourg, has served the international funds community since 1993. For more information, please visit us at www.pfpc.com .
The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional community banking; wholesale banking, including corporate banking, real estate finance and asset-based lending; wealth management; asset management; and global fund services.
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SOURCE: PFPC Inc.
CONTACT: Jeanette Harrison-Sullivan of PFPC Inc., +1-302-791-1400, or
+1-508-871-9863, or e-mail, jean.harrison-sullivan@pfpc.com
Web site: http://www.pnc.com/
http://www.pfpc.com/
Company News On-Call: http://www.prnewswire.com/gh/cnoc/comp/701257.html
