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Bank Of America’s Authentication Mantra
BoA finds success in simplicity and security May’s Digital Identity Tracker™ cover story features an interview with Hari Gopalkrishnan, Client Facing Platforms Technology Executive for Bank of...
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How Security, Paired With Simplicity, Is Driving BoA’s Digital Authentication...
Customers are drawn to banking technology that is easy to use yet secure enough to safeguard their personal information. For major banks looking to gain consumer trust while staying ahead of the...
View ArticleBank Stress Tests Bad For Lending, Says BoA
Bank of America Chief Executive Brian Moynihan is speaking publicly about the potential negative implications of bank stress tests. Reports by The Wall Street Journal this week said the executive is...
View ArticleDigital Banking Push May Bring 8K BoA Layoffs
The continued movement by Bank of America toward digital banking could have the impact of lopping off as many as 8,000 jobs from the banking consumer unit, Financial Times reported. The digitization...
View ArticleBoA Says Consumers Bullish On Emerging Payments
When it comes to American consumers, many may not be ready to admit how dependent they’ve grown on devices and the impact that’s had on the rapid growth of mobile banking and payments. According to a...
View ArticleTwo Big Banks’ Takes On Mobile Payments Interest
Two different banks — JPMorgan Chase and Bank of America. Two different studies on the same topic — mobile banking and mobile payments. Two very different results. What Consumers Said JPMC’s study...
View ArticleConsumers Using Credit Cards For Smaller Transactions
Credit cards and debit cards are still the preferred methods for countless consumers, but the Bank of America June 2016 Consumer Spending Snaphot shows they are using their cards increasingly for small...
View ArticleWill Digital Payments Slash Costs for Banks?
The cost of doing business for banks is going to decrease as usage of digital payment methods increase, according to Brian Moynihan, Bank of America’s CEO. Moynihan told Bloomberg Television in an...
View ArticleViewpost Inks Partnership With Bank of America
Viewpost, the financial tech company, has revealed a partnership with Bank of America, enabling small business customers of Bank of America to get paid quicker and more efficiently. The partnership was...
View ArticleThe Data Hiding Between Businesses, Suppliers And FinServ Providers
With the rise in alternative financial service providers, big banks have faced a younger breed of competition. But analysts agree that the big banks probably aren’t going away, and that realization...
View ArticleMicrosoft, Bank of America Get Serious On Blockchain Trade Finance
Distributed ledger technologies, like blockchain, are now eyed with potential to overhaul not just payments, but transactions that require data to move along with money. Trade finance has become a...
View ArticleBlockchain Tracker: Capitol Hill To Startups, Incubators Inbetween
Could be the beginning of a riddle: Why did a new caucus and an incubator show up on Capitol Hill? Trick question, no riddle here: In all of about 48 hours, Washington, D.C. showed that America’s...
View ArticleBank of America Teams Up With ModoPayments
Bank of America Merrill Lynch, a player in transaction services, and ModoPayments, a digital payments company, announced Thursday (Oct. 20) a strategic relationship that will give the bank access to...
View ArticleBank of America Launches Erica, Its Virtual Assistant
Bank of America is gearing up to launch a virtual assistant named Erica, which will rely on artificial intelligence to provide tips for mobile phone users to enhance their finances. According to a...
View ArticleChatbot Tracker: Banks & Credit Card Bots
Of all the industries out there, it seems both the banking and credit card industries have been eyeing chatbots for quite some time. And each week recently, it seems that another bank or card company...
View ArticleBank Of America Facing Lawsuit Over Debit Card Fees For Prisoners
Bank of America is facing a lawsuit in Arizona from prisoners who contend they are being forced to become customers of the bank because they are given a BoA debit card that also has high and unusual...
View ArticleSMBs Lean On Friends And Family To Thrive, BofA Finds
Despite what Bank of America describes as a “challenging business environment,” SMBs are thriving, thanks in large part to friends and family. The bank released its latest semi-annual report on small...
View ArticleBoA CEO Says Payments Tech Payoff A Ways Away
For banks, the payoff for payments may be a long time coming. Reuters reported that, as noted by Bank of America CEO Brian Moynihan, it will take more than a decade before banks will see the fruits of...
View ArticleGoldman Sachs Conference: JPMorgan, Bank Of America, Amex Upbeat Heading Into...
The top executives at JPMorgan Chase and Bank of America said trading activity during the current fourth quarter is trending higher and sounded a positive note heading into the new year. Speaking at...
View ArticleBank of America ACH Capabilities Grow With Earthport
Cross-border payments firm Earthport will be helping Bank of America Merrill Lynch expand its ACH capabilities. Reports Monday (Dec. 12) said Bank of America has signed a multi-year contract with...
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