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Posted On: 05/09/2019 11:24:05 AM
Post# of 82676
Re: CashStrapped #54112
By AnnaMaria Andriotis and Rachel Louise Ensign
May 9, 2019 9:08 a.m. ET
Bank of America Corp. is considering dissolving the huge payment-processing joint venture it has with First Data Corp. and developing its own business to move money between consumers and merchants, according to people familiar with the matter.
Like its rivals, Bank of America is rushing to meet demand from consumers and businesses for modern money-moving technology, which promises a steady stream of fees with each transfer or swipe. Leaving the joint-venture would give the bank more control of its business that focuses on...
TO READ THE FULL STORY
https://www.wsj.com/articles/bank-of-america-...1557407325
May 9, 2019 9:08 a.m. ET
Bank of America Corp. is considering dissolving the huge payment-processing joint venture it has with First Data Corp. and developing its own business to move money between consumers and merchants, according to people familiar with the matter.
Like its rivals, Bank of America is rushing to meet demand from consumers and businesses for modern money-moving technology, which promises a steady stream of fees with each transfer or swipe. Leaving the joint-venture would give the bank more control of its business that focuses on...
TO READ THE FULL STORY
https://www.wsj.com/articles/bank-of-america-...1557407325
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My comments are only my opinion and are not to be used for investment advice.
Please conduct your own due diligence before choosing to buy or sell any stock.
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