Truist Financial Enhances Merchant Services with Digital Onboarding and Integrated Software Solutions
Truist Financial Corporation (NYSE: TFC) has announced a significant expansion of its Merchant Services capabilities, focusing on integrating payment acceptance with software, data, and financial services. A key highlight is the new digital onboarding experience, which reduces the time from decision to execution by up to 80% through a consultant-guided process via Truist Merchant Engage. The enhancement includes broader access to Clover's all-in-one business management platform and the integration of Paze for streamlined online checkouts. By combining these technologies with existing treasury, lending, and deposit services, Truist aims to provide a more holistic ecosystem for diverse sectors including retail, healthcare, and professional services.
Tickers: $TFC
Topics: Digital Onboarding Fintech Merchant Services Payment Processing