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Category: Business Banking


Business Banking, Channels, Products

Goldman Sachs launches transaction banking service with Volante

September 24, 2020

Via: Banking Technology

Volante’s VolPay system sits at the core of the new Goldman system. It covers end-to-end processing of domestic and international payments. This includes foreign exchange, US wires, ACH, Swift cross-border payments, and other payment rails. Goldman’s new system, described by […]


Business Banking, Products

Nasdaq plans cloud migration for all 28 markets by 2030

September 21, 2020

Via: Banking Technology

The exchange operator’s data warehouse already sits on Amazon Web Services (AWS). In March, messaging traffic surged as demand for orders, quotes, trades and other market data rocketed. Peterson told WSJ that Nasdaq repeatedly saw daily peaks of more than […]


Business Banking, Products

Wells Fargo extends 25-year processing partnership with TSYS

September 3, 2020

Via: Banking Technology

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. TSYS has provided its payments processing services to the US lender since 1995. Mary Mazzochi, manager […]


Business Banking, Products

Global Payments signs multi-year deal with Wells Fargo

September 1, 2020

Via: Finextra

As part of the multi-year agreement, TSYS will continue to provide a range of processing and support services for the bank’s commercial card portfolio. Wells Fargo has utilized TSYS’ payments processing platform since 1995. “We continue to benefit from the […]


Business Banking, Products

Mastercard signs debit card deal with First Direct

August 17, 2020

Via: Banking Technology

First Direct has around 1.5 million customers, and has become the fourth bank in the UK to sign a debit card agreement with Mastercard. The processing giant also provides cards for Santander, Metro Bank, and Starling Bank. A First Direct […]


Business Banking, Products

US Bank commits $1.15m to Black-led partners to “close racial gaps”

August 12, 2020

Via: Banking Technology

The grants are part of the bank’s overall $116 million commitment to addressing social and economic inequities. “This emphasis on closing racial gaps is consistent with our ongoing allocation and investment strategy,” says William Carson, vice president of the community […]


Business Banking, Products

Goldman in the running for GM’s credit card business

August 12, 2020

Via: Market Watch

Goldman Sachs Group Inc. is seeking to acquire General Motors Co.’s credit-card business, doubling down on consumer banking and betting on a future where people pay for gas, takeout and groceries from the driver’s seat. The Wall Street firm is […]


Business Banking, Products

Lloyds partners with Form3 to create group-wide payments platform

July 23, 2020

Via: Banking Technology

The UK bank is acquiring an undisclosed minority equity stake in Form3 as part of the fintech’s next investment round, which is expected to complete in August. The new technology partner joins Lloyds’ current partners Google Cloud and Microsoft. New […]


Business Banking, Products

Mastercard takes step away from cards with $825 million deal

June 23, 2020

Via: Bank Innovation

Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity. The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity […]


Business Banking, Products

Goldman Sachs closes Marcus to new UK users amid deposit surge

June 11, 2020

Via: Banking Technology

The easy access savings service closed its competitive 1.05% account to new customers on Wednesday, following a surge in deposits which to £21 billion from 500,000 savers since it launched in 2018. Its 12-month fixed-rate account is still open to […]