(Total Views: 567)
Posted On: 05/10/2019 2:06:48 PM
Post# of 82686
A few things to consider w/BoA and First Data according to a WSJ article out today-
- If the bank ends the partnership, it could still work with First Data and other outside firms.
(Perhaps security is potentially a good reason to to still work with FD to some degree)
- A final decision on the partnership, which expires in June 2020, hasn't been made, said people familiar with the matter. Both companies are required to give a year's notice before ending it, according to a securities filing.
(Next month we'll have a decision as to whether BoA will work with FD in the future)
- "The modern payment system is our foundation for the future," Bank of America Chief Executive Brian Moynihan said in April.
(Isn't the "Modern Payment System" using Crypto and the Blockchain?)
All is NOT lost after yesterdays news IMHO. Potentially a big upside for SF, we shall see.
- If the bank ends the partnership, it could still work with First Data and other outside firms.
(Perhaps security is potentially a good reason to to still work with FD to some degree)
- A final decision on the partnership, which expires in June 2020, hasn't been made, said people familiar with the matter. Both companies are required to give a year's notice before ending it, according to a securities filing.
(Next month we'll have a decision as to whether BoA will work with FD in the future)
- "The modern payment system is our foundation for the future," Bank of America Chief Executive Brian Moynihan said in April.
(Isn't the "Modern Payment System" using Crypto and the Blockchain?)
All is NOT lost after yesterdays news IMHO. Potentially a big upside for SF, we shall see.
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