wells fargo

SMBs Switch Banks Post-PPP Experience
SMBs Switch Banks Post-PPP Experience
August 02, 2020  |  SMBs

When Fathom Unlimited Inc. needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank,...

READ MORE >
Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit In Australia
Today In Payments: Economists Predict Recovery Will Take Two Years Or More; Google Faces Lawsuit...
July 27, 2020  |  News

In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use...

READ MORE >
Wells Fargo Shuts Millennial-Friendly App ‘Greenhouse’ To New Clients
Wells Fargo Shuts Millennial-Friendly App ‘Greenhouse’ To New Clients
July 15, 2020  |  Digital Banking

Wells Fargo has quietly stopped accepting new users for its Greenhouse mobile-first banking app, which the bank unveiled less than three years ago. “The enrollment...

READ MORE >
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
July 14, 2020  |  Earnings

Big banks kicked off the second-quarter earnings season Tuesday (July 14) by reporting COVID-weakened consumer banking revenues, but bright spots in trading and digital. While...

READ MORE >
Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
July 14, 2020  |  News

In today’s top news, Amazon introduced shopping carts that let customers skip checkout lines, and retail sales in Europe surged by nearly 18 percent. Plus,...

READ MORE >
Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
July 14, 2020  |  Earnings

Wells Fargo reported Tuesday (July 14) that its teller and ATM transactions plunged 28 percent in the second quarter amid COVID-related temporary branch closures and...

READ MORE >
Amid Security Fears, Wells Fargo Tells Employees To Remove TikTok From Phones
Amid Security Fears, Wells Fargo Tells Employees To Remove TikTok From Phones
July 12, 2020  |  Security & Fraud

Citing security concerns, Wells Fargo is asking employees to remove the TikTok apps from their work phones, Bloomberg reported. TikTok, the popular video-making app, is...

READ MORE >
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
July 09, 2020  |  Banking

As it tightens the requirements for some mortgage transactions, Wells Fargo is mandating that new customers seeking to refinance a jumbo mortgage take $1 million in balances...

READ MORE >