Mobile banking continues to outstrip desktop-only banking at three of the top US banks - Wells Fargo, Bank of America and JPMorgan Chase.
The Fast IDentity Online Alliance announced that Wells Fargo Bank has become the latest financial institution to join the organization, which includes Bank of America, Visa International, Discover Financial Services, MasterCard, and PayPal, among others.
Wells Fargo (WFC) today launched the Innovation Incubator (IN2) program, a $10 million environmental grant for clean technology startups funded by the Wells Fargo Foundation and co-administered by the Energy Department's National Renewable Energy Laboratory (NREL) to foster the development of early stage clean technologies for commercial buildings. The program is the first of its kind within the banking industry.
Apple may be having trouble winning over retailers to its mobile payments platform but bank support shows no sign of waning as Wells Fargo offers $20 to customers who sign up for Apple Pay.
Apple Pay enjoyed a relatively smooth launch in the US today, with customers of some of the country's biggest banks able to use their iPhones to make purchases at a host of bricks-and-mortar and virtual stores.
A group of Wall Street firms, led by Goldman Sachs, has acquired instant messaging outfit Perzo and set up a new company to help them break free of their reliance on Bloomberg.
Wells Fargo has established a digital lab to test the use of bleeding edge technologies such as smart wearables and virtual reality headsets in banking.
Wells Fargo & Company (NYSE:WFC) today announced its text banking service is now available in Spanish, giving Spanish-speaking customers a safe and easy way to manage their personal and small business finances.
Citi CEO Mike Corbat has become the latest Wall Street heavyweight to prove that bankers do have hearts, and marketing savvy, by taking the ALS Ice Bucket Challenge.
Wells Fargo & Company (WFC) announced today that it has added SCOTIABANK and Remesas BAC Credomatic to its network of ExpressSend® payout locations in El Salvador. The new remittance network members will bring the total number of payout locations in El Salvador to more than 500, along with more than 1,200 ATMs.
© Finextra Research 2015