Wells Fargo received a stern reprimand from the Federal Reserve this past week for failing to meet its obligations to consumers and the community. In short, regulators have demonstrated yet again that the bank is no longer considered well-managed. The National Diversity Coalition supports this decision, as it is in line with actions already taken…
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In a move to support its business-to-business payments platform, Visa has agreed to acquire the software provider Fraedom. Fraedom, which offers payments and transaction management software-as-a-service solutions for financial institutions and their corporate customers, has been a Visa partner for nearly 10 years. Fraedom technology currently powers the Visa IntelliLink Spend Management platform that has…
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The banks behind the Zelle network had more in mind than P-to-P payments between consumers, and BNY Mellon is beginning the network’s evolution by targeting business payments market. Zelle will help support tokenized digital payments for institutional and corporate clients in a market that is notoriously resistant to automation. BNY Mellon hopes corporates will see…
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The information you need to start your day, from PaymentsSource and around the Web: No margin: Lloyds Group is joining some American banks in banning bitcoin purchases with its credit cards. Lloyds Group, which operates Halifax, Bank of Scotland, MBNA and the flagship Lloyds, is the first U.K. group to block such purchases, worried that…
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It’s no secret that financial services organizations are on a digital transformation journey. With increasing tech savvy customers and a growing millennial community, today it seems that everyone is seeking a better digital experience. But one channel does not support all – so how do you balance the needs of your different demographics. Join Jay…
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