Payments News

On The Web

nbsp;

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 […]
nbsp;

Companies

Wells Fargo Introduces Flex Loan to Give Customers More Options

“To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company – Flex Loan. Flex Loan is a digital-only, small-dollar loan that will provide millions of eligible customers convenient and affordable access to funds when they need it most. Flex Loan is available now in […]
nbsp;

Companies

Wells Fargo’s New Virtual Assistant, Fargo, to Be Powered by Google Cloud AI

“Wells Fargo & Company today announced that Fargo, a new virtual assistant set to roll out to customers in the coming months, will leverage Google Cloud’s artificial intelligence (AI) to provide a more personalized, convenient, and simple banking experience. Wells Fargo’s collaboration with Google Cloud marks a pivotal milestone in its digital strategy to provide customers […]
nbsp;

Companies

Wells Fargo Customers Say Paychecks Went Missing Following Outage

“Wells Fargo WFC -0.94% & Co. customers and employees continued to experience problems with their bank accounts Friday as a result of a systems failure, with some saying they had trouble accessing money from direct deposits. Scores of customers complained Friday morning on social media that they were unable to see paychecks deposited into their accounts via direct […]
nbsp; nbsp;

On The Wires

nbsp; nbsp; nbsp; nbsp;

Companies

Wells Fargo Adds AI Enhancement to Mobile App, Giving Personalized Account Insights to Customers Nationwide

“Today Wells Fargo & Company (NYSE: WFC) announced that mobile banking deposit customers nationwide now have access to a predictive banking feature that analyzes account information, providing mobile app users with tailored account insights and personalized financial guidance. The feature is the latest in a series of innovations aimed at providing customers a more comprehensive view of their finances, […]