Bank Of America Reports $4B In P2P Via Zelle Network In Q3
Rounding out a slew of big bank earnings that came last week, Bank of America reported its third-quarter results Friday. Like its peers, it showed a slump in fixed income trading, but managed to...
View ArticleU.S. Credit Card Delinquency Rates Inch Higher
Credit card delinquencies increased for three consecutive months, adding to signs that consumers in the U.S. are having a tough time paying their debt. According to a news report in Reuters, credit...
View ArticleBofA Adds Another Layer Of Authentication To Banking Services
Bank of America announced that it will add another layer of authentication for its online banking services. According to news from Reuters, the bank is incorporating Intel Corp’s Online Connect...
View ArticleBofA CEO Sees Little Upside From Brexit
Brexit won approval from U.K. voters more than a year ago, but so far Bank of America (BoA) hasn’t seen any benefits from the decision, according to news from Reuters. That’s according to BoA Chief...
View ArticleBOA Pays $66.6M To Settle Overdraft Fees Lawsuit
Bank of America has reached a settlement in a lawsuit over extended overdraft fees, agreeing to pay consumers $66.6 million. Citing a court filing, CNBC reported news that the settlement, which still...
View ArticleBig Banks Put The Brakes On Retailer Loans
The country’s largest banks, JPMorgan Chase & Co., Bank of America and Citigroup, are reducing loans to retailers at a time when the industry is also facing doubts from bond investors. According to...
View ArticleSmall Businesses Bullish About 2017 Outlook
Small businesses (SMBS) around the country are ending the year on a positive note, with Bank of America finding that many urban entrepreneurs are expressing confidence they will generate higher...
View ArticleBOA Commercial Card Clients Get Digital Assist(ant)
Bank of America Merrill Lynch announced news on Wednesday (Nov. 15) of the launch of Card Assistant — a digital tool which provides business banking clients with easy access to information on industry...
View ArticleAmid The Good (Stock Market) Cheer, Clouds Gather?
Nine years is a long time for anything to run — a TV show, your car, a bowling league — especially so the bull market that has stretched into the present day. Or, to put it a different way, there’s an...
View ArticleSMB Spotlight: A Little Love From Mastercard For More To Love Yoga
What does it take to succeed as a small or medium-sized business (SMB)? More than a good idea, more than passion, more than hard work, long hours or even good luck: As with many ventures, you’ve got to...
View ArticleBank Of America Leads Blockchain Patents
Bank of America ranks at the top of a list of companies investing in blockchain, with the financial institution (FI) applying for or securing around 43 patents for the distributed ledger technology....
View ArticleThe Collaborators – And Rivals – Of Blockchain
With the blockchain industry expected to exceed a $7.6 billion valuation by 2022, it’s no wonder companies large and small, old and new are scrambling to land their piece of the pie. As is often the...
View ArticleConsumer Loans Boost BoA Q4 Earnings
Charges from the recently enacted tax laws had an outsized impact on the latest quarterly results from Bank of America, just as they did for its big bank brethren. But underneath the headlines,...
View ArticleSizzle Fizzle: Apps Sizzle, Startups Fizzle And Regulators Battle Bitcoin
Fizzle of the Week: Cryptocurrency Regulation The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. How so? Because, as of...
View ArticleBig Four U.S. Banks Hit With $12.5B In Credit Card Losses
When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big four U.S. retail banks dealt with an almost 20 percent increase in credit...
View ArticleQ4 Earnings Yield Stock Rally, But Corporate Clients Aren’t Driving Performance
This week’s B2B Data Digest offers a quick skim of the flurry of earnings data coming out of the corporate banking, finance and technology market. On the whole, numbers are good – better than good, in...
View ArticleB2B Payables Go Virtual For BoA Customers
Bank of America Merrill Lynch announced news on Monday (Jan. 22) of the launch of BofA Merrill Virtual Payables, which enables commercial purchasing customers to connect with the bank’s virtual card...
View ArticleBoA Puts The Kibosh On Free Checking Accounts For Low-Balance Customers
The Bank of America has reportedly done away with a free checking account that was popular among low-balance customers, forcing them to save more money with the national bank or face a monthly fee....
View ArticleBoA Faces Backlash After Eliminating Free Checking
Bank of America is facing backlash from customers who’re getting shut out of the company’s free checking account offering. According to news from CNBC, citing Mel San, a Bank of America customer who...
View ArticleBofA Launches PSD2-APIs
Bank of America is enhancing its commercial financial services with a focus on application programming interfaces (APIs). The company announced news on Wednesday (Jan. 24) that it launched an API...
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