Weekly News Roundup: Wells Fargo (NYSE:WFC)

Categories: Roundups

Here’s this week’s round-up of Wells Fargo (NYSE:WFC) stock briefings. Wells Fargo (NYSE:WFC) company shares ended the week at 32.75 (as of 1/14/2011).

Weekly News Roundup: Wells Fargo (NYSE:WFC)

Monday 10 January

Wells Fargo (NYSE:WFC) has decided to test new smartphone payment system.
About 200 employees at Well Fargo’s (NYSE:WFC) San Francisco offices will begin the testing of new system that allows consumers to make credit card purchases with near-field communication chips in their smartphones.

The six-month pilot program could be rolled out to the wider public soon if it proves successful.

Peter Ho, product manager for card services at Wells Fargo (NYSE:WFC) said, “We have made an investment in this technology, and we hope this investment pays off.”

Wednesday 12 January

Wells Fargo (NYSE:WFC) Insurance has acquired JFK Consulting Group.
Wells Fargo (NYSE:WFC) Insurance Services USA, a part of Wells Fargo (NYSE:WFC), has acquired Kansas-based employee benefits brokerage and consulting firm JFK Consulting Group.

Wells Fargo (NYSE:WFC) Insurance executive vice president, insurance brokerage East Kevin Kenny said the partnership with the JFK Consulting will help to strengthen the company’s commitment to maintaining a strong presence in Kansas.

JFK Consulting president Jess Knoth said by joining Wells Fargo (NYSE:WFC) Insurance Services, JFK expanded the capabilities to better serve customers and help them protect their businesses and employees.

We will continue checking the Wells Fargo share price for developments over the next few weeks.

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