Wells Fargo Expands Remittance Payout Locations

Wells Fargo & Company expanded its “ExpressSend” remittance network through an agreement with Bancomer Transfer Services and will extend its consumer remittance payout network distribution to seven additional financial institutions. This will include partnerships with banks in the Dominican Republic, Ecuador, El Salvador, Mexico, Nicaragua and Peru. Wells Fargo ExpressSend customers now have 35,800 remittance payout locations to send money to 15 countries in Latin America and Asia.

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Intuit Launches iPad Banking App

Intuit Financial Services introduced Intuit Tablet Banking for the iPad, making it easier for people to manage their finances from mobile devices. The new app from Intuit allows banks and credit unions to meet their customers’ growing demand for a wide array of technology solutions, allowing users to manage their accounts; pay bills; locate nearby ATMs and branches; and access the bank mobile website. This is subsequent to a recent Intuit study of 50,000 mobile banking customers, showing people using a combination of online and mobile solutions are 45% more likely to interact with their financial institution than those who only go online.

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Baron and Budd Investigating Deceptive Bank Overdraft Fees

The law firm of Baron and Budd is investigating excessive bank overdraft fees charged by regional banks. Through the firm’s work on national litigation concerning allegedly manipulative bank overdraft fees practices, Baron and Budd has exposed an overdraft fee charging scheme perpetrated by large national banks, such as Bank of America and JPMorgan Chase, designed to maximize the overdraft fees charged. Through a system designed to maximize the overdraft charges, usually $30 to $35 each, the banks reap huge profits. According to one media report, overdraft fee revenue reached an all-time high of $37.1 billion in 2009, and in 2011 alone, banks reported $29.5 billion in profits from overdraft charges.

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Incapsula Teams PCI Compliance and Security Service

Incapsula cloud-based website security and performance service provider announced that the service is now available through PCI Compliance and other managed security service providers to help SMBs and online merchants comply with PCI DSS requirement 6.6. ControlScan PCI compliance and security services, began offering the ProTect Web Application Firewall service to improve the security of websites and applications, while increasing their performance.

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Ceridian Webinar Highlights Paycards Employee Benefits

Ceridian Corporation software and solutions, announced the availability of early registration for its free webinar, Paycards: The Employee Perspective. Some employers are still reluctant or hesitant to offer paycards to their employees. These employers are either unfamiliar with the inherent employee benefits of paycards or they don’t believe their employees will appreciate the option. Paycards offer mmediate access to pay 24/7; ATM withdrawals; access to online purchases; and personal money management and monitoring.

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