BofA Examines Use Of Credit Cards For Bitcoins
Bank of America and Citigroup, which currently allow customers to use their credit cards to purchase bitcoin, are looking over their cryptocurrency policies. This comes two weeks after Capital One...
View ArticleData Dive, The Uh-Oh Edition: Amazon, BoA And Card Losses
It’s a big week for tech stock watchers – and expectations are running hot and high for the “FANG” results coming soon to a headline near you. Or, at least 75 percent of the FANG results, as Netflix...
View ArticleAspiration CEO: Big Banks’ ‘Bad Decision’ Is My Gain
When Bank of America announced last week that it was terminating its free checking option for low-balance customers, a literal Tweet storm broke out. The new program, first launched in 2010, was a...
View ArticleBofA Brings PayPal To Business Clients
Bank of America Merrill Lynch (BofA Merrill) and payments service PayPal announced a collaboration Thursday (Feb. 1) through which the bank’s business customers can make international payments in local...
View ArticleBank Of America Bans Credit Card Crypto Purchases
The second-largest U.S. bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports. Bank of America (BofA) officially announced it “will begin...
View ArticleBig Banks Ban Bitcoin Purchases Using Credit Cards
Bitcoin’s valuing is sinking and credit card companies are not helping, with the list of issuers banning bitcoin growing. According to a report in The Wall Street Journal late last week, Citigroup said...
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The Anything is Possible Edition: Pot, Bitcoin And Bank Branch Closing
On Friday, the Olympics kicked off in Pyeongchang – and the world got a chance to see there is no such thing as impossible. Lots of impossible things happened on Friday. The headline, of course, was...
View ArticleFrom Heavyweights To Newcomers, Finserv Goes All-In On APIs
The conversation around B2B payments innovation and progress cannot be held without the banks. Sure, FinTechs are flocking to the industry to play their part in disruption, but traditional FIs have to...
View ArticleBofA Community Development Banking Has Record 2017
Bank of America Merrill Lynch’s Community Development Banking (CDB) announced news on Thursday (Feb. 15) that 2017 was a record year for the firm. The CDB provided $4.53 billion in loans, tax credit...
View ArticleWhat The Climbing Debt Defaults Really Mean For The Economy
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where it was a year ago and is trending up. Unemployment is at...
View ArticleBank Of America Warns Of Crypto Risks
Bank of America has reported that cryptocurrency could represent a substantial threat to its business in its annual filing with the SEC. The second largest bank in the United States by assets, BoA...
View ArticleBoA Turns Up Heat On Gun Makers
Bank of America is taking a closer to look at its clients that make guns after the shooting at a high school in Parkland, Florida that killed 17 people. “We are joining other companies in our industry...
View ArticleBoA To Open 500 New Retail Branches
Bank of America (BoA) announced news on Monday (Feb. 26) that it’s opening more than 500 new branches across the U.S. over the course of the next four years. In a press release, the bank said the 500...
View ArticleJPMC Gives Nod To Cryptocurrency As Long-Term Threat
With the rise of digital coins, JPMorgan Chase has labeled cryptocurrencies as a threat to its business in its annual 10-K filing. The bank’s comments mirror those by Bank of America (BoA) and Goldman...
View ArticleCardtronics Identifies Crypto, P2P Payments As Business Risks
As new payment technologies — such as digital coins make it less necessary for people to handle cash, Cardtronics said cryptocurrencies could impact its business. The disclosure was made in a 10-K...
View ArticleData Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun...
The pomp, the pageantry — and, of course, the glamour. Roughly 40 million people tuned in last night to the 90th run-through of the Academy Awards to find out which films, performances, scripts and...
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BofA On Using APIs To Boost B2B Payments
If some is good, more is better. That seems to be the idea among banks both big and small when it comes to APIs, as several players from around the financial services industry recently increased their...
View ArticleMerger Will Help Trade Group Regain Strength On Capitol Hill
The Financial Services Roundtable (FSR) and the Clearing House Association announced they are creating a partnership that represents the largest financial services trade group merger in more than a...
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Why BofA Merrill Lynch Is Banking On APIs To Help Corporate Clients
In today’s digital age, FIs of all shapes and sizes are looking to work directly with partners and clients to publish new APIs. It’s a change that J.P. Jolly, head of finance and channels global...
View ArticleBofA Consumers Can Add Credit, Debit Cards To PayPal From Mobile Banking App
Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. In a press...
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