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-0.000114481118049358 0.000446030330062461 0.0227460600654177 0.0367975022301516 0.0317424918227774 0.0286202795123401 0.028099910793934 0.0266131430270591
Stock impact report

BNY gains Treasury's Direct Express benefits contract [Yahoo! Finance]

Comerica Incorporated (CMA) 
Last comerica incorporated earnings: 4/21 06:34 am Check Earnings Report
US:NYSE Investor Relations: investor.comerica.com
Company Research Source: Yahoo! Finance
The decision had been expected With the contract, BNY gains a free liquidity source of more than $3 billion in deposits a month. The nation's oldest bank has been making a push into faster payments and laying the groundwork to expand payments to the underbanked. The agreement is for five years, beginning Jan. 3, the Treasury said in a press release. Comerica will continue to service existing cardholders until those cardholders register for a new account with BNY. The Treasury's Bureau of the Fiscal Service evaluated proposals from several financial institutions and determined that BNY would be able to provide services tailored to Direct Express's users, the Treasury said. "With the new financial agent, customers will enjoy rent and other bill payment solutions, virtual cards, cardless ATM access, chat and text customer service, online dispute filing, in-person identity authentication options, and more," the Treasury said. The program will offer other benefits, such as the abi Show less Read more
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