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.
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The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
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The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
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The AI-powered auto lender is the latest fintech to debut an IPO in recent months, even as a different auto lender filed for bankruptcy this week.
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Biometrics for in-store payments are taking off; the next logical step is e-commerce. Here's how that may work.
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At a banking conference this week, there was growing optimism that a key regulatory threshold will be raised from $100 billion to $250 billion.
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