Wells Fargo Merchant Checking Program Earns Accolades

Wells Fargo & Company received the Barlow Research Monarch Innovation Most Innovative Product Award for its newest small business checking account product— Merchant Checking. The service combines the convenience of a business checking account with the ability to accept credit and debit card payments at a flat, discounted rate.

As credit and debit card payments become increasingly popular methods of payment for consumers, expanding payment acceptance options beyond cash and checks gives small business owners an opportunity to grow sales and improve cash flow. Launched in March 2007, Merchant Checking allows small business owners to accept credit and debit card payments and have access to funds as soon as the next business day in the associated business checking account.

Other award winners include:

Overall Most Innovative: Bank of America Easy Online Payroll™

Most Innovative Customer Service Enhancement: Bank of America Online Text Chat Service

Innovative Feature Award: SunTrust's Fraud Inspector solution

The Monarch Innovation Awards recognize financial institutions that provide the most innovative products to business customers.