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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo mpany : launches Payment Tracker during SIBOS 2020

10/23/2020 | 06:50am EST

SAN FRANCISCO - Today, during SIBOS 2020, Wells Fargo announced the launch of Payment Tracker, a new, single status, secure, web-based solution for tracking global payments.

'We are committed to digitally enabling and empowering our financial institution customers with transparent, cross-border payment services,' said George Doolittle, head of Global Payment Services at Wells Fargo. 'We believe this capability will truly enhance customers' end-to-end experience.'

Payment Tracker is a free tool that leverages Wells Fargo's leading role and membership in the SWIFT gpi initiative. It allows customers to:

  • Reduce the time spent resolving payment issues with an easy and global way to monitor and track cross-border payments through Wells Fargo in near real-time status.
  • Access the tool from any device.
  • Track the status of international wires in more than 20 currencies, up to the final beneficiary.
  • Offer open access direct searches to clients, branches, originators, and beneficiaries.
  • Monitor the date, currency, and amount credited to the beneficiary and gpi payment duration.

'Wells Fargo's Payment Tracker is the new foundation for transparency in global payments,' said Judd Holroyde, head of Global Product Management at Wells Fargo. 'Transparent, simple to use, and easy to understand, Payment Tracker will help our clients reduce their own service costs by sharing with customers the ability to track their payment status from any digital device.'

To access or learn more about Payment Tracker visit https://www.wellsfargo.com/paymenttracker.

About Wells Fargo Corporate & Investment Banking

Wells Fargo Corporate & Investment Banking delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe. Our office locations span the Americas, Europe, and Asia-Pacific.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.97 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance, through 7,300 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking, and has offices in 31 countries and territories to support customers who conduct business in the global economy. With approximately 266,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune's 2020 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

Wells Fargo & Company provides financial services in Asia, Canada, and Latin America through its duly authorized and regulated subsidiaries. In Europe, banking services are provided through Wells Fargo Bank International Unlimited Company ('WFBI'), directly regulated by the Central Bank of Ireland, and Wells Fargo Bank, N.A. London Branch, authorized by the Prudential Regulation Authority ('PRA') and regulated by the Financial Conduct Authority ('FCA') and the PRA. All products and services may not be available in all countries. Each situation needs to be evaluated individually and is subject to local regulatory requirements.

Disclaimer

Wells Fargo & Company published this content on 05 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 October 2020 10:49:08 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 71 945 M - -
Net income 2020 2 076 M - -
Net Debt 2020 - - -
P/E ratio 2020 81,0x
Yield 2020 4,26%
Capitalization 121 B 121 B -
Capi. / Sales 2020 1,68x
Capi. / Sales 2021 1,70x
Nbr of Employees 274 900
Free-Float 75,2%
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Number of Analysts 26
Average target price 31,54 $
Last Close Price 29,16 $
Spread / Highest target 54,3%
Spread / Average Target 8,15%
Spread / Lowest Target -21,1%
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NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Charles H. Noski Chairman
Scott E. Powell Chief Operating Officer & Senior Executive VP
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Saul van Beurden Senior Executive VP & Head-Technology
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