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Companies

Truist, Wells Fargo Join Digital Token Pilot Program

“Three national and super-regional banks with major Triad operations are participating in a pilot program involving digital tokens that will represent digital dollar transactions. PNC Financial Services Group Inc., Truist Financial Corp. and Wells Fargo & Co. are involved in the 12-week proof-of-concept program being managed by the Federal Reserve Bank of New York. The […]
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Companies

PNC Announces Acquisition of Point of Sale and Payments Solutions Firm, Linga

“The PNC Financial Services Group, Inc. today announced it has acquired Linga, a point of sale (POS) and payments solutions firm providing an industry-leading, cloud-based restaurant operating system. The acquisition of Linga and its technology will further expand PNC’s digital resources and enhance the bank’s capabilities to better serve its hospitality and restaurant industry clients. […]
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Companies

Lawsuit Alleges PNC Built Payments Product with Stolen Trade Secrets

“About a year ago, PNC Financial Services Group launched an online portal that’s designed to eliminate paper-based payments for companies in the middle of a merger or acquisition. PNC Paid is part of a suite of corporate finance products and services that the Pittsburgh company offers and has described as being unique in the banking industry. But […]