BoA Debuts In-App Auto Financing Via Mobile App
Bank of America announced Tuesday (May 30)that it bas launched new capabilities for mobile clients to complete the auto financing process with the company. In a press release, the bank said clients can...
View ArticleBoA Says Half Of All Workers Stressed Out Over Money
Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about their finances. What’s more, among those that are stressed, 53 percent say...
View ArticleGenerational Difference Driving Innovations In Investments
It’s no surprise that generational difference will create problems in a household, but it’s also leading to innovations. That’s according to the 2017 U.S. Trust Insights on Wealth and Worth survey that...
View ArticleCitigroup Credit Card Charge-Offs Higher Than Some Peers
The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry. Take Capital One, the credit card company, for starters....
View ArticleAI/BOT: Where Do Chatbots Go From Here?
Within the past year, Facebook’s Messenger has been responsible for the boom in chatbot growth. With more than 100,000 businesses creating interactive company chatbots, it may be safe to say that this...
View ArticleBoA Beats Street on Consumer Biz; Mobile Use Grows
The second-biggest bank by assets, Bank of America, said Tuesday that earnings were up on gains in all businesses beyond trading, according to the latest quarterly results. The company said that its...
View ArticleBofA Allows SMEs To Apply For A Loan Through Mobile App
Bank of America (BoA) is expanding its mobile service for small- and medium-sized (SME) customers. An announcement by the financial institution (FI) this week said it now enables small businesses to...
View ArticleBoA Testing Samsung Iris Tech For Authentication
Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. According to a news report in The...
View ArticleBank Of America To Enter High End Rewards Credit Card Market In The Fall
Bank of America is getting into the high end rewards credit card battle, rolling out the Bank of America Premium Rewards credit card in September. According to a news report in The Wall Street Journal...
View ArticleVenmo Says Yes To QR, Everyone Loves Rewards And Wells Fargo’s Saga Carries On
There was not much in the mainstream news this week to cheer for — between a terrifying situation abroad in North Korea and a tragic situation Charlottesville, Virginia, somberness was more or less the...
View ArticleBofA Turns To AI For New Payment Reconciliation Tool
Bank of America Merrill Lynch announced news on Tuesday (Aug. 22) of Intelligent Receivables, a new service that relies on artificial intelligence (AI) and other software to improve companies straight...
View ArticleBanks Waive ATM Fees For Houston Banks
With Hurricane Harvey causing life-threatening floods in Houston, some major banks are cutting bank fees for customers as a small form of hurricane relief. According to news from CNBC, JPMorgan Chase,...
View ArticleBOA Adds More Customization To Its Mobile App
Bank of America (BOA) announced Wednesday (Sept. 6) it had launched a series of updates to its mobile app to provide more customization to its customers. In a press release, the company also said it...
View ArticleBofA Launches Travel Card With Unlimited Rewards Points
Bank of America announced on Monday (Sept. 18) the rollout of its new Premium Rewards credit card that gives customers unlimited points that never expire. In a press release announcing the news, the...
View ArticleNEW REPORT: Bank Of America Faces Biometrics
Ever since Apple added a fingerprint scanner to the iPhone 5S in 2013, consumers have become increasingly used to interacting with biometric authentication technology. But now, less than five years...
View ArticleToday In Data: Bank Of America And Biometrics
Following the Equifax data breach, biometrics and data security have come under increased scrutiny as more companies and consumers consider their security-enhancing features. As a result, new...
View ArticleFrom Fingerprints To Faces: Bank of America Explores Biometrics’ Next Phase
No matter how impressive new technology is, its fate often lives and dies with consumer adoption. After all, if no one wants to use a new piece of tech, it doesn’t matter how groundbreaking an...
View ArticleBank Of America Merchant Services Lays Off 10% Of Staff
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. The Wall Street Journal reported that the joint...
View ArticleFitPay And NXT-ID Forge Ahead On Wearable, IoT Payments
Paying with your smartphone is OK, but having the option to pay with any device you want — phone, smartwatch, fitness tracker, key fob — all while enjoying the confidence that the transaction is...
View ArticleJPMorgan Tops BofA When It Comes To Deposits
Bank of America may have held the top spot in terms of bank deposits in the U.S. for close to two decades, but rival JPMorgan Chase was finally able to dethrone its rival. According to a report in the...
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