Bank Now Provides Small Merchants with Easy, One-Stop Solution to American Express Card Acceptance
SAN FRANCISCO, Oct. 2, 2014 – Wells Fargo & Company (NYSE: WFC) and American Express today announced that Wells Fargo has joined OptBlue, the new merchant acquiring program that extends U.S. small merchant coverage. Wells Fargo is now providing a full, one-stop servicing solution for American Express Card® acceptance to eligible U.S. merchants with projected American Express charge volume of less than $1 million per year.
OptBlue provides a greater level of convenience and accessibility for American Express Card acceptance for Wells Fargo’s merchants by giving Wells Fargo the flexibility to provide the benefit of a single statement, one settlement process, and one contact for all the major card brands.
“This program streamlines the payment processing of American Express transactions for our merchant customers so they can confidently focus on running and growing their businesses,” said Debra Rossi, head of Wells Fargo Merchant Services. “We are committed to helping our merchants succeed, and this provides them the ability to offer more payment options to consumers.”
“American Express and Wells Fargo enjoy a strong partnership that includes card issuance, as well as a shared history together. I am delighted to extend that partnership today, with Wells Fargo joining OptBlue,” said Ed Jay, Executive Vice President, Merchant Services – Americas, American Express. “OptBlue is an important facet of our ongoing commitment to enhance the U.S. small merchant experience and the addition of Wells Fargo will allow the American Express card to become more accessible to an even greater number of small merchants nationwide.”
With OptBlue, Wells Fargo merchants will continue to benefit from the valuable tools, services and programs that American Express delivers to small merchants. The addition of Wells Fargo brings the number of participating acquirers in OptBlue to 12, six of which are in the top 10 in the United States.
Wells Fargo Merchant Services customers interested in participating in OptBlue should call (866) 380-9828 for more information.
About American Express
American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, foursquare.com/americanexpress, linkedin.com/companies/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.
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About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified, community-based financial services company with $1.6 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, 12,500 ATMs, and the internet (wellsfargo.com), and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2014 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy all our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.
SOURCE: Wells Fargo