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Wells Fargo Reports 50 Percent Growth in Internet Payments

Tags » Card Payments, Merchant Acquirers

Wells Fargo has announced that it handled $3.8 billion in Internet payment volume for over 61,000 online merchants in the first quarter, up 50 percent over the same quarter last year. Wells Fargo is also PayPal's payment processor.

"According to figures published by the U.S. Department of Commerce, Wells Fargo's e-commerce processing accounts for 15 percent of the nation's total online shopping volume."

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