South State Correspondent

MAY 18, 2023

This month, we rolled out “Tate,” our generative AI chatbot driven by ChatGPT that was designed to increase the productivity of our employees and allow us to become familiar with large language models. Based on the scientific method, this approach enabled us to focus on the highest risks.

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PYMNTS

JANUARY 14, 2021

The Toronto-Dominion Bank (TD) and Wells Fargo have unveiled a deal through which TD will buy the Canadian Direct Equipment Finance operation of Wells Fargo, which is “subject to certain closing conditions,” according to a Thursday (Jan. 14) announcement.

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Groups US Lending Industry 154

BankInovation

AUGUST 19, 2020

The torrent of consumers shifting to digital banking channels has driven Truist Bank, US Bank and Wells Fargo to invest in their mobile and online banking capabilities, with new features, educational tools and improved functionality to augment the banks’ offerings.

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US Mobile Tools Digital Banking 96

PYMNTS

JULY 31, 2019

Wells Fargo has named new executives and advisors to its team. The company revealed that David Kowach has been named head of Community Banking, while Jim Hays has come onboard as president and head of Wells Fargo Advisors.

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Community Bank Lending Regional Strategy 147

BankBazaar

JUNE 12, 2023

Now if you’re wondering which bureau’s credit report you should check, let us tell you that it doesn’t matter. Obviously, she got in touch with the necessary people to get it fixed, but had she checked her Credit Score regularly, she would have gotten the error rectified well in advance. It is just not practical.

Cards 147

Cards Report Exercises Security 147

PYMNTS

AUGUST 21, 2020

The moratorium on job cuts at Wells Fargo & Co. Facing pressure to reduce costs, Wells Fargo said it has ended a moratorium on layoffs as it prepares for cuts that could total in the billions. Wells Fargo declined to reveal how many jobs would be cut. Scott Siefers, managing director at Piper Sandler Cos.,

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PYMNTS

JANUARY 12, 2021

Wells River Savings Bank will gain access to the RTP® network built by The Clearing House (TCH) via SHAZAM, Inc. according to a Tuesday (Jan. 12) announcement from the Vermont-based financial institution (FI), which noted that Atlantic Community Bankers Bank (ACBB) will offer funding agent functions.

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Vermont Community Community Bank Customer Experience 140

TheGuardian

JUNE 2, 2022

Third largest bank in the US has faced a series of scandals, from fake accounts to mass overtime pay violations Workers at Wells Fargo, the third largest bank in the US, are pushing to organize a union across the bank’s workforce with Wells Fargo Workers United , a campaign with the Committee for Better Banks , which successfully won the first union (..)

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US Industry Report 98

BankInovation

FEBRUARY 2, 2023

Steve Hagerman, chief technology officer at Wells Fargo, will join the panel discussion “Solving data expandability issues through cloud” at the Bank Automation Summit U.S. Hagerman will discuss Wells Fargo’s multiyear digital transformation journey, its […] 2023 on Thursday, March 2, at 9:15 a.m.

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US Data Technology 52

PYMNTS

APRIL 23, 2020

Within a 30-day period, Instacart has hired 300,000 more people, instituted mandatory wellness checks and stepped up efforts to ensure the safety of its workforce. The in-app wellness check asks workers a series of questions regarding their health in order to evaluate whether they are exhibiting symptoms of COVID-19.

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PYMNTS

JUNE 29, 2020

“The whole world is adjusting to the new normal related to [COVID-19], and we’re seeing our customers adjust their financial behavior and interactions with us accordingly,” said Ben Soccorsy , head of digital payments at Wells Fargo. Wells Fargo is no exception, according to Soccorsy. “We’ve

Digital Banking 317

Digital Banking Mobile Study Guidelines 317

PYMNTS

DECEMBER 2, 2019

Wells Fargo has hired former Santander head executive, Scott Powell, as its new chief operating officer, according to a release on Monday (Dec. These elements are critical for us as we tackle our most important priority, regulatory remediation, and also create the foundation from which to build Wells Fargo and to best serve our customers.”.

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Operations US Meeting Company 134

BankInovation

OCTOBER 14, 2021

Wells Fargo, Bank of America and U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle in today’s earnings calls. Wells Fargo & Co.

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America US Fraud Cards 98

The Paypers

FEBRUARY 7, 2024

US-based bank Wells Fargo has partnered with Setpoint , a financial services provider, to enable the latter to expand its payment disbursement capabilities.

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US Payments 41

PYMNTS

AUGUST 16, 2020

Warren Buffett, the company’s chairman and CEO, has sold shares of Wells Fargo and J.P. Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 Morgan Chase, Bank of America , Citigroup and Wells Fargo. Buffett bought a 20.9

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US Maryland America Report 322

TheGuardian

MARCH 5, 2024

Citi, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing Four of the world’s biggest banks have left the Equator Principles, a set of minimum industry standards and safeguards for financial institutions to address environmental and social risks in countries where they finance fossil (..)

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Groups US Industry America 111

BankInovation

NOVEMBER 20, 2020

Bank and Wells Fargo are advancing B2B payment solutions with the debut of two new automated products for back-office operations. Wells Fargo on Thursday released its WellsOne Virtual Card Payment Service, which allows business owners to eliminate paper checks by using a one-time virtual card number to digitally pay invoices.

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US Payments Cards Operations 69

BankInovation

APRIL 14, 2023

Wells Fargo recognized its clients’ demand for digital capabilities within its online and mobile platforms as digital usership grew in the first quarter of 2023. Our customers expect us to provide them with increasingly digitized and seamless banking experiences across all channels,” Chief Executive Charlie Scharf said today during the $1.8

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Mobile US Online Digital Banking 52

PYMNTS

JANUARY 6, 2020

“We have carved out a unique territory in the beauty space,” said Erin Cotter, general manager of beauty and wellness at Goop, in a statement. LVMH-owned Sephora will build “an exciting new category of business for the modern consumer who is looking for beauty that fits in their wellness-oriented lifestyle.”.

America 132

America Innovation US Management 132

PYMNTS

JANUARY 24, 2020

Ex-Wells CEO Fined, Banned From Banking For Life. Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. government. He will also have to pay $17.5

Payments 150

Payments New York Mobile United States 150

PYMNTS

JUNE 2, 2020

Wells Fargo will no longer be giving loans to independent auto dealers, according to a report from CNBC. The bank confirmed that it would no longer be accepting loan applications from independent shops, which sell used cars a lot of the time as opposed to the brand-new models sold by bigger dealers.

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BankInovation

JUNE 14, 2023

Wells Fargo Chief Financial Officer Mike Santomassimo fielded criticism over stagnating consumer deposits Tuesday during Morgan Stanley’s US Financials, Payments and CRE Conference, and highlighted Wells’ digital infrastructure investment in response.

Conference 52

Conference US Payments Retail 52

PYMNTS

JUNE 12, 2020

To provide parents, teachers, owners of small companies and telecommuters with an additional avenue to shop, Staples US Retail teamed with Instacart to roll out same-day delivery from over 1,000 U.S.

US 141

US Retail Company 141

PYMNTS

DECEMBER 14, 2020

I now look forward to the day that this devastating and deadly pandemic is finally behind us.”. 11 under the Emergency Use Authorization (EUA). hospitals are receiving vaccines today, as well as other sites, Gen. The vaccine was authorized by the U.S. Food and Drug Administration (FDA) on Dec. About 145 U.S.

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US Operations Survey Mobile 239

PYMNTS

JANUARY 20, 2021

trillion, as well, FT reported. FT reported that it’s “never been cheaper” to borrow, with average yields on bonds by both riskier borrowers as well as safer investment-grade companies at record lows or close. Companies in the U.S. S&P 500 index have built up an additional $1.3

How To 266

How To US America Report 266

PYMNTS

DECEMBER 12, 2019

Online discount brokerage firm E*TRADE has acquired Gradifi, a student loan benefits and financial wellness provider, E*TRADE announced in a press release on Monday (Dec. Gradifi’s approach features an array of financial wellness services such as employer-sponsored student loan paydown and contribution resources for 529 plans.

Tools 130

Tools Resources Innovation Industry 130

PYMNTS

SEPTEMBER 18, 2019

financial institution Wells Fargo has announced plans to pilot an internal settlement solution that operates on distributed ledger technology (DLT). Those Wells locations can also exchange that digitized cash with one another. The digitized cash, in the form of a tokenized dollar, operates on Wells’ first blockchain platform.

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blockchain Operations Technology Groups 122

PYMNTS

NOVEMBER 13, 2020

In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) financing arm. Wells Fargo Seeks Bidders for Private-Label Credit Card Unit.

Cards 186

Cards cryptocurrency Report US 186

PYMNTS

SEPTEMBER 11, 2018

Wells Fargo predicts that Amazon will be the No. Amazon’s apparel and footwear gross sales are expected to top $30 billion this year, beating out longtime incumbent Walmart for the top spot, wrote Wells Fargo analyst Ike Boruchow, according to CNBC. “The dethroning current champ Walmart this year. 1 seller of apparel in the U.S.

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US United States Trends Branding 101

PYMNTS

AUGUST 16, 2020

Warren Buffett, the company’s chairman and CEO, has sold shares of Wells Fargo and J.P. Based on its second quarter filing with the Securities and Exchange Commission, Reuters reported Berkshire reduced its Wells Fargo stake by 26 percent to 237.6 Morgan Chase, Bank of America , Citigroup and Wells Fargo. Buffett bought a 20.9

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Company US Maryland America 249

PYMNTS

FEBRUARY 20, 2020

But you might be forgiven for a big longing for the industry’s prodigal son: Toys R Us. Because Toys R Us is back. That unburdens Toys R Us from shipping, marketing and fulfillment costs. That unburdens Toys R Us from shipping, marketing and fulfillment costs. CFO columnist Russ Banham has an idea.

US 156

US Industry Branding Millennials 156

PYMNTS

JUNE 22, 2019

It seems every firm is trying to find a way into the expansive — and ever-growing — “health and wellness” market. As of 2018 health and wellness was a $4.2 percent between 2015 and 2017, according to the Global Wellness Institute. Well, with innovation of course. Amazon’s In-and-Out of the Box Wellness Solutions.

Innovation 153

Innovation Marketing San Francisco New York 153

TheGuardian

DECEMBER 20, 2022

The Consumer Financial Protection Bureau (CFPB) on Tuesday ordered Wells to repay $2bn to consumers and enacted a $1.7bn penalty against the bank. The Consumer Financial Protection Bureau (CFPB) on Tuesday ordered Wells to repay $2bn to consumers and enacted a $1.7bn penalty against the bank. Continue reading.

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US 95

PYMNTS

OCTOBER 9, 2020

FBI Director Christopher Wray added that his agents have observed the dangers of cryptocurrency’s criminal usage firsthand, noting that a promising technology has sometimes been used to conduct illicit activities. “We New Enforcement Framework.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

Bank Innovation

FEBRUARY 14, 2020

launch; and Wells Fargo’s […]. In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S.

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FDIC New York City New York US 243

PYMNTS

JULY 5, 2020

Also in 2019, PYMNTS reported cannabidiol (CBD), a chemical derived from cannabis plants, has become popular for a variety of wellness related applications. Its use has become trendy in pet products , skincare items on supermarket shelves and high-end department stores.

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US Nevada Arizona Guidelines 352

PYMNTS

JUNE 17, 2020

“Introducing MediusGo to the US market marks another important milestone on the Medius growth journey,” Medius Chief Executive Per Åkerberg said in the announcement. “I Medius has been in the American market for more than a decade, helping SMBs through AP automation as well as spend management technology.

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