Wachovia Connection Transforms Online Treasury Management

See Demo at Booth 640, AFP Conference, Las Vegas, Oct. 15-18

October 06, 2006 - CHARLOTTE, N.C.— Wachovia is transforming its Wachovia Connection treasury management solution— and the changes are resulting in a state-of-the-art user experience.

The new Wachovia Connection has an improved, flexible design offering intuitive menu and search tools and easier access to commonly used functions and reports.

Beyond the new look and feel, there are substantial enhancements to Information Management and Image Services capabilities.

“A user immediately will notice how easy the new Wachovia Connection is to use and navigate,” says Laurence Leinbach, senior vice president and head of Wachovia’s Information Access Product team. “Additionally, the information management improvements and enhanced image services benefit our clients with real time savings and quicker access to the reports and information they need for their business.”

The new Information Management application provides advanced interactive reporting capabilities, including cash position reporting, faster research capabilities, report customization and management reporting. The application also includes a new account summary tool and an enhanced transaction search tool.

Enhanced image services, including a new image viewer, provide advanced tools to quickly view transactional details and images, including multiple images simultaneously and easily distribute that information companywide.

About Wachovia Treasury Services
As part of Wachovia’s Corporate and Investment Bank, Wachovia’s Treasury Services Division offers a comprehensive suite of integrated payables and receivables solutions, including electronic check conversion, accounts receivable conversion, a full range of ACH services, image technology, a national wholesale and retail lockbox network and international treasury solutions. In recent Phoenix Hecht surveys, 22 out of 23 of Wachovia’s treasury services product categories were ranked “A” or “A+” by upper-middle customers and 21 out of 23 of Wachovia’s treasury services product categories were ranked “A” or “A+” by large corporate customers. In the middle market survey, 21 out of 26 product categories were ranked “A” or “A+” by those surveyed. Additionally, nine of the bank’s key treasury product capabilities are ranked in the top five for market share in Ernst & Young’s 2005 survey. Wachovia’s Information and Access product, Wachovia Connection(r), ranked first in that survey for the highest number of Information Reporting Internet Accounts. Also, the most recent Bank Leader Survey placed Wachovia’s Treasury Services Number 1 for “Quality of Cash Management Specialists” and Number 2 for “Operational Quality” and “Quality/Timely Implementations.”

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation’s largest diversified financial services companies, providing a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. Including the Golden West merger, Wachovia has retail and commercial banking operations in 21 states with 3,400 retail banking offices from Connecticut to Florida and west to Texas and California. In addition, two core businesses operate under the Wachovia Securities brand name: retail brokerage with 740 offices in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Other nationwide businesses include mortgage lending in 39 states and auto finance covering 46 states. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Based on June 30, 2006, pro forma data, Wachovia has combined assets of approximately $700 billion and as of Sept. 29, 2006, a combined market capitalization of $107 billion.

Contact Information

Victoria Wolfram

Wachovia Corporation

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