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And for Truist overall, we provide diversification away from...credit businesses, so that we perform well throughout a variety of market cycles." [114] On August 11, 2021, Truist announced it is acquiring Service Finance Co. for $2 billion. Service Finance provides point-of-sale financing 14,000 dealers and contractors for home improvement ...
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Truist Financial's (TFC) efforts to expand its lucrative POS lending business through the acquisition of Service Finance will go a long way in supporting revenue growth and be accretive to earnings.
First Data Corporation is a financial services company headquartered in Atlanta, Georgia, United States.The company's STAR Network provides nationwide domestic debit acceptance at more than 2 million retail POS, ATM, and at online outlets for nearly a third of all U.S. debit cards.
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Truist was formed in December 2019, as the result of a “merger of equals" between SunTrust Bank (of which LightStream was a division) and BB&T. [ 2 ] Debuting in March 2013, LightStream is a financial services technology company that provides unsecured , personal loans to people with good credit rating , through a digital process.