Maine headquartered Bangor Financial institution has denied having a partnership with TranzactCard.
The denial comes simply days after TranzactCard company revealed Bangor Financial institution as their new US companion financial institution.
Following a “company replace name” on Wednesday, TranzactCard despatched out a “weekly replace” later that very same day.
The related half for this text is quoted beneath;
We’re thrilled to announce that Bangor Financial savings Financial institution is our new banking companion.
Bangor Financial savings Financial institution is a neighborhood financial institution that’s mutually owned, that means it doesn’t have shareholders and is as an alternative owned by its members.
It’s well-capitalized, permitting it to successfully help a big banking neighborhood.
As a part of our transition to a brand new banking companion, we’re excited to announce our alignment with MasterCard and its worldwide cost community.
After verifying Bangor Financial institution was an precise financial institution, I took this at face worth and added an replace to our “TranzactCard loses US banking providers” article.
One BehindMLM reader went a step additional. They reached out to Bangor Financial institution to investigate concerning the TranzactCard partnership.
Right here’s the e-mail they obtained again from a “Senior Digital Communications Affiliate” at Bangor Help.
Once more, the related half for this text is quoted beneath;
Bangor Financial savings Financial institution doesn’t companion with, or has not partnered with, MLM Tranzact card providers.
Any communications you’ll have obtained stating in any other case would seemingly not have been despatched from Bangor Financial savings Financial institution.
We might not be capable to management misinformation or false statements made by events not affiliated with Bangor Financial savings Financial institution.
Effectively, that’s kinda awkward.
It’s potential TranzactCard has accomplished a whole partnership proposal with Bangor Financial institution utilizing inconspicuously named shell firms.
In that case, now that the cat’s out of the bag that’s in all probability going to be terminated fast sensible (making misrepresentations to banks is usually frowned upon).
In any other case I can’t see why TranzactCard would take the danger in naming Bangor Financial institution, given anybody can simply attain out to them to substantiate.
As per TranzactCard’s weekly replace;
With our new banking companion, the onboarding and buyer identification course of for all waitlist accounts will happen in a phased rollout beginning subsequent week, starting with a few of our area leaders who will check the performance of the system.
As soon as this testing occurs, we’ll then start a phased onboarding for all the TranzactCard neighborhood by a waitlist course of.
Pending additional updates, keep tuned…