BofA Debuts Digital Debit Card
Bank of America (BofA) announced on Tuesday (June 25) that it’s launching a digital debit card, according to a release by the company. It’s also making other additions to its banking app to help...
View ArticleBank Of America’s Card Delinquency Rate Remains Flat In June
Card delinquencies have remained steady at Bank of America, which reported June credit card delinquencies of 1.56 percent. The figure registered at the same rate as the prior month, SeekingAlpha...
View ArticleBank of America Q2 Saw $18B In Zelle Payments
Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method....
View ArticleBAMS, First Data JV To Call It Quits In 2020
With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020....
View ArticlePostmates Sets Sights On September IPO
Postmates will move one step closer to going public when it debuts its IPO paperwork next month. Sources have revealed that the on-demand delivery company will complete an IPO this year, TechCrunch...
View ArticleBoA Looks To Create Multi-Currency Digital Wallet
To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. The North...
View ArticleBoA Cooperating With CFPB Probe Into Unauthorized Credit Card Accounts
In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at...
View ArticleAmazon To Build Logistics Capabilities With Carbon-Neutral Electric Trucks
With the formation of an in-house armada of carbon-neutral delivery trucks, Amazon will soon integrate another step of the online shopping pipeline. The delivery truck fleet will prove to be an...
View ArticleBank Of America To Leverage Marco Polo For Trade Finance
Bank of America has announced that it has joined the Marco Polo Network, the leading trade and working capital finance network. The network — and its more than 25 member banks — aims to unlock a...
View ArticleBoA Reported To Hire ‘Treasury Product Manager’ For Ripple
Bank of America (BoA) may have hired a treasury product manager to work with Ripple. According to Cointelegraph, the bank recently took down a job listing about the position on LinkedIn. “This role...
View ArticleBank of America Sees 76 Pct Boost In Q3 Zelle Payments
Zelle P2P payments increased 76 percent year-over-year (YoY) in the third quarter of 2019, Bank of America said on Wednesday (Oct. 16), signaling the latest burst of growth for that payment method....
View ArticleBank of America Optimizes AP Supplier Payment Channels
Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers. An announcement issued late last...
View ArticleFinserv Players Multitask With B2B Billers And Payers
Corporate financial services providers taking aim at accounts payable friction this week pulled double-duty with new tools that also addressed friction for clients’ suppliers. It’s a multitasking...
View ArticleB2B Finserv Embraces New Faster Payment Rails
As the saying goes, if it isn’t broken, don’t fix it. But in payments, understanding whether something is broken in the first place — and, if so, how to fix it — is a complicated matter. Legacy payment...
View ArticleFlywire Offers Upgraded Cross-Border Payments For BoA Users
Payment solutions company Flywire is rolling out a simplified cross-border payments solution for Bank of America’s higher education and corporate clients, Flywire announced in a press release on Monday...
View ArticleBank of America Readies Launch Of Multi-Account Cash Forecasting
Bank of America is developing a new cash-flow forecasting solution for its corporate customers in conjunction with a FinTech partner. On Monday (Nov. 4), Bank of America said it is gearing up to bring...
View ArticleIBM And BofA Team On Bank Cloud Computing Platform
Bank of America has teamed with IBM and its regulatory compliance arm, Promontory Financial Group, to create a cloud computing platform that has privacy, security and regulatory banking compliance...
View ArticleMoving FI, FinTech Partnerships Beyond The Press Release
Big, splashy announcements of freshly-forged partnerships between FinTechs and mainstream payments and financial services players are released by the dozens these days. As for the “game changing”...
View ArticleCompanies Can Make Payments In Billions Through BoA App
Bank of America offers its corporate clients a unique perk. They can make payments in the billions of dollars on smartphones using the bank’s CashPro app, according to a report by Bloomberg. One...
View ArticleReport: Early Holiday Sales Up 2.2 Pct. YOY
A new report by Bank of America Merrill Lynch Global Research said this holiday shopping season has been the best since 2013, according to a report by Bloomberg. The season is being led by online...
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