Transcode Therapeutics Inc
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Health Care : Biotechnology |
Company profile

TransCode Therapeutics, Inc. is a ribonucleic acid (RNA) oncology company. The Company's lead therapeutic candidate, TTX-MC138, is focused on treating metastatic cancer. TTX-MC138 comprises proprietary iron-oxide nanoparticles and oligonucleotides that specifically target microRNA-10b. The nanoparticles serve as the vehicle to deliver oligonucleotides to metastatic cancer cells. The magnetic properties of these nanoparticles allow for monitoring of their delivery using non-invasive imaging. Its pipeline products also include TTX-siPDL1, TTX-siLIN28b and TTX-RIGA. TTX-siPDL1 is a checkpoint inhibitor targeting programmed cell death protein ligand 1 (PD-L1). TTX-RIGA utilizes its delivery system and is intended to activate the RIG-I signaling pathway to elicit an immune response to eliminate and/or reduce the risk of developing disorders associated with abnormal apoptotic or differentiative processes, by triggering an immune response that targets developing cancer cells.

Closing Price
$2.92
Day's Change
0.23 (8.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.99
Day's Low
2.71
Volume
(Above Average)
Volume:
88,385

10-day average volume:
79,368
88,385

BofA Launches Account Validation To Assist Clients With Fraud Prevention

9:00 am ET October 28, 2021 (PR Newswire) Print

Bank of America today announced the launch of Account Validation, a fraud prevention service for corporate and public sector clients. Prior to initiating an electronic credit or debit payment, a client using Account Validation, can verify the status of an account and authenticate the account owner. Account Validation is supported by Early Warning Services, LLC (EWS), a fintech company that provides identity, risk and payment solutions to financial institutions. Early Warning is owned by seven U.S. financial institutions, including Bank of America.

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"With fraud on the rise, companies can no longer make assumptions about whether the person or entity on the other end of a payment is who they say they are," said David Kretz, head of Global Payments in Global Transaction Services at Bank of America. "Account Validation and other fraud prevention tools are essential for today's treasury teams."

A key component of Account Validation is its ability to respond to clients' inquiries in near real-time. Companies can use the service prior to making payments to consumers via ACH, wire transfer, or a real-time payment. Additionally, Account Validation could help companies to comply with the NACHA WEB Debit Account Validation rule.

Account Validation also assists in helping prevent misdirected payments, which occur when a payee inadvertently provides an incorrect account number.

"Account Validation can help companies prevent fraudulent payments without compromising on speed for valid payments to vendors and contractors," said Stephanie Wolf, head of Financial Institutions Sales and head of Business Banking Sales in Global Transaction Services at Bank of America. "By reducing misdirected payments, companies will also save a considerable amount of time and money it takes to attempt to retrieve misdirected payments."

Backed by a team of innovators, Bank of America is a leader in business-to-consumer and business-to-business payments, with Account Validation being the latest payments innovation brought to market. Others launched this year include: Recipient Select, Complete AP, the Executive Explorer travel card, Virtual Account Management (VAM 2.0), and an enhanced Intelligent Receivables. Learn more about fraud prevention and cyber security solutions.

Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

"Bank of America" is the marketing name used by certain Global Banking and Global Markets businesses of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. (C) 2021 Bank of America Corporation. All rights reserved.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

www.bankofamerica.com

Reporters May Contact:Louise Hennessy, Bank of AmericaPhone: 1.646.858.6471louise.hennessy@bofa.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/bofa-launches-account-validation-to-assist-clients-with-fraud-prevention-301410990.html

SOURCE Bank of America Corporation

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COMTEX_395947541/1005/2021-10-28T09:00:29

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