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Weekly Wrap: Wells Fargo fights B2B fraud and Green Dot has a busy week

Bank Automation News EditorsbyBank Automation News Editors
May 29, 2020
in Banking, Payments, Strategy
Reading Time: 1 min read
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Green Dot’s banking-as-a-service business made headlines this week, including expanded products for both Walmart and Remitly customers. The company, which has long made money from prepaid reloadable cards, is finding new ways to connect with consumers through its platform business.

Wells Fargo, meanwhile, is developing educational resources for business clients experiencing a wave of fraud resulting from the COVID-19 pandemic. “A lot of the fraud threats aren’t net-new, but I think what’s happening with COVID is, fraudsters are figuring out a way to exploit them on a more unique basis that’s very specific to the COVID situation,” said Jinee Ellis, financial crimes manager at Wells Fargo.

Find this and more in today’s edition of The Weekly Wrap featuring Bianca Chan and Rick Morgan, for the week ending May 29, 2020.

Tags: Green DotPremiumRemitlyvideowalmartWeekly WrapWells Fargo

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