Wells Fargo & Co. earlier this week added two functions to its browser-based commercial mobile-banking service. The service, CEO Mobile, now features wire-transfer services and image positive pay, which enables users to view check images. The San Francisco-based bank added the services because customers requested them, says Megan Minich, a senior vice president who leads the CEO Channel team for the Wholesale Internet and Treasury Solutions group. CEO Mobile, which the company launched in April 2007, supports account-activity and balance monitoring. Wells plans to offer additional services, Minich says. "We continue to look at services on our [online] CEO platform that we think would be valuable to a mobile worker," she says.
-
Some last-minute drama has derailed planned votes on crypto and stablecoin in the House, but the political maneuvering isn't likely to improve the long list of criticisms that bankers have raised about the legislation before it heads to President Donald Trump's desk.
July 15 -
The global bank reported solid second-quarter results as executives maintain confidence in the bank's ability to achieve a return on tangible common equity of 10-11% next year. But an analyst said Citi's progress on reducing expenses will hinge on its ability to get freed from various enforcement actions.
July 15 -
The U.K. challenger bank would follow London fintech Wise in emphasizing New York over London in an effort to boost valuation and establish a foothold in the U.S. Plus, Lloyds is in talks to buy all-in-one card fintech Curve; and more news in the global payments and fintech roundup.
July 15 -
Luke Pettit, a Senate Banking Committee staffer, will serve as the Treasury Department's next assistant secretary of financial institutions.
July 15 -
The Minneapolis-based bank worked with WaveBL and ICICI Bank to handle an export shipment with fully digital documents via blockchain technology.
July 15 -
The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.
July 15