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Customers of both banks were given free access to all of Truist's ATMs free of charge. [99] The merged bank continued to operate under the BB&T and SunTrust names until the two banks' computer hardware, software and networking systems were streamlined, a process that was projected take as long as two years. [100]
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.
Square is a point-of-sale system for merchants with physical or online stores. [1] [2] Launched in 2009 by Block, Inc., [3] it enables sellers to accept card payments and manage business operations. As of 2023, Square is the U.S. market leader in point-of-sale systems, [4] [5] [6] serving 4 million sellers and processing $210bn annually. [7] [8]
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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.
Customers of both banks were given free access to all of Truist's ATMs free of charge. [17] The merged bank will continue to operate under the BB&T and SunTrust names until the two banks' computer hardware, software and networking systems are streamlined, a process that could take as long as two years. [18]