Truist expands merchant tools to increase customer value

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Truist enhanced its merchant service capabilities, launching a faster onboarding process and adding insight tools for business owners. The bank is also providing more business management tools through Fiserv’s Clover point-of-sale system and adding Early Warning Services’ Paze digital wallet as an online checkout option; all new features are now live after being piloted last quarter. Truist’s card and treasury management fees increased 2% year over year to $347 million in the third quarter.