Bank of America 'Recipient Select' Allows Consumer Payments Choice

PYMNTS

Bank of America has rolled out a new solution allowing companies that pay consumers often to give their customers options on how to be paid, according to a press release. Consumer Payments Bank of America consumer payments News Recipient Select What's Hot

Bank of America gained 418 technology patents in 2019

Bank Innovation

Bank of America obtained more patents last year than any other year in the history of the company. Artificial Intelligence Automation Blockchain Carousel Daily Post 2 Innovation Strategy Payments Product Design Retail Banking Bank of America patents

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Clocktower Technology Ventures: Understanding Latin America's Fragmented Payments Landscape

PYMNTS

The global health crisis prompted consumers everywhere — including Latin America, where cash has dominated the region’s payments — to experiment with new payment methods. There’s a tendency for people outside the region to assume that Latin America is a monolith,” Saman said. “In

Bank Of America: Almost 48M Checks Deposited Digitally In Q2

PYMNTS

Bank of America announced on Thursday (Aug. Read more: Bank Of America: Active Digital Banking Users Up 3 Pct To 40.5M. Bank of America’s artificial intelligence-driven virtual financial assistant, Erica, has been increasingly in popular since its release three years ago.

Bank of America Names New CFO, Reshuffles Senior Leadership Team

PYMNTS

Bank of America has named Alastair Borthwick chief financial officer, effective in the fourth quarter, as one of myriad changes to its global leadership team. He will also continue as a vice chair of Bank of America’s Global Diversity and Inclusion Council, according to the announcement.

America’s Banks Celebrate America’s Vets

ABA Community Banking

In honor of our veterans, the ABA Banking Journal is sharing several stories from America's Banks of how banks serve and employ those who have served. The post America’s Banks Celebrate America’s Vets appeared first on ABA Banking Journal.

Advance America Teams With Western Union For Money Transfer Tools

PYMNTS

Financial services platform Advance America is partnering with cross-border payment firm Western Union Company to expand its suite of payments solutions. Advance America will bridge its digital and retail infrastructure to Western Union’s platform capabilities.

Remembering a Day That Changed America — and the World

PYMNTS

Despite the differences that distinguish them, these innocent individuals are united through the horrific events that unfolded on one of the darkest days in America’s history.”. It’s a deeply personal question for millions of people in America, and around the world.

Mall Of America On The Connected Mall’s Future

PYMNTS

According to estimates, 25 percent of America’s roughly 1,000 malls will close over the next three to five years — a process accelerated, but not created, by the pandemic. But the Mall of America is not most malls.

Bank Of America Rolls Out AP Automation Platform

PYMNTS

To help businesses automate and digitize their accounts payable (AP) divisions, Bank of America is rolling out Complete AP. Accounts Payable accounts payable automation B2B B2B Payments Bank of America banking Banks News What's Hot In B2B

Bank of America: Risks, huge potential in cryptocurrency

BankInovation

Before diving into cryptocurrency, Bank of America is dipping a toe in the water with an assessment by its own study group, which this week released its "first inning" of findings that noted the potential risks and gains on the horizon.

Bank of America customers sent $27 billion through Zelle in Q1  

Bank Innovation

Bank of America customers are shifting toward digital tools. Paul Donofrio, Bank of America’s chief financial officer, said in a statement that despite the […].

Bank of America Redesigns App for iPad

Bank Innovation

Bank of America has redesigned its mobile app for the iPad. Exclusive Innovations Mobile Online Open Fintech Payments Premium Apple Bank of America Bank of America Merrill Lynch Erica iPad JPMorgan Chase ZelleThe new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app.

Bank of America tech chief says cyberattacks have surged ‘dramatically’

Payments Source

Bank of America Cyber security Coronavirus

Sezzle Teams With Market America To Bring BNPL To Shop.com

PYMNTS

Buy now, pay later (BNPL) FinTech Sezzle has partnered with global product brokerage firm Market America Worldwide to advance payment options on its Shop.com platform. Buy Now Pay Later buy now pay later ecommerce Market America News partnerships Retail sezzle What's Hot

The State of FinTech in Latin America

Chris Skinner

I’m off to Chile next week and thought, in preparation, I’d look at the state of FinTech in Latin America. Equally, I meet a lot of the … The post The State of FinTech in Latin America appeared first on Chris Skinner's blog. So far, I’ve spent fair time in Colombia, Brazil and Argentina, and see these as the three major centres of activity along with Mexico.

Bank Of America Sees More Than Healthcare In Axia Acquisition

PYMNTS

A bank, Bank Of America , acquires a healthcare payments platform, Axia Technologies , to strengthen its patient/provider payments capabilities. Healthcare Axia B2B B2B Payments Bank of America BoA Digital Payments faster payments Featured News Mobile Payments News real time payments

India Buckles Down On Digital With IIM Ahmedabad, Bank Of America Collab

PYMNTS

India is dialing up digital development with the launch of the Centre for Digital Transformation (CDT), a joint collaboration between the Indian Institute of Management Ahmedabad (IIMA) and Bank of America. 26) press release from Bank of America.

Enabling e-commerce and m-commerce in Latin America

Mobile Payments Today

The e-commerce market in Latin America presents enormous potential for retailers. Despite the possibilities, there are a number of unique challenges that retailers and payments companies need to be aware of before making such a commitment

Rising Smartphone, Digital Service Usage Drives Adoption of Non-Cash Payments in Latin America

PYMNTS

Latin America has one of the highest percentages of smartphone penetration in the world, which has made it easier for people to digitize their transactions. Digital Payments Featured News international Kushki Latin America News payments innovation

Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. The new funding, the company noted, will enable the firm to expand throughout Latin America as it steps in to support the region’s SMBs amid the pandemic.

Bank of America: Spending Up Over 2019 Despite Virus Acceleration

PYMNTS

Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and people who are unemployed, according to CEO Brian Moynihan.

Wells Fargo, Bank of America and US Bancorp show growth in digital platforms

BankInovation

Wells Fargo, Bank of America and U.S. Retail Banking Bank of America earnings U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle in today’s earnings calls. Wells Fargo & Co.

MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

In Latin America, such a company exists in the form of MercadoLibre , a triple-threat regional financial powerhouse based in Argentina. It now operates in 18 countries in Latin America. ” Retail ecommerce Featured News FinTech international LatAm Latin America MercadoLibre News

Bank Of America Analyst Sinks Square Rating

PYMNTS

Bank of America has lowered its rating of Square Inc. SMBs Bank of America News SMB Square Inc. by two notches Monday (May 18), downgrading the stock to “underperform” from “buy” amid fears that shops, restaurants, and salons will struggle once COVID-19 funds are spent.

America Unmasks And Lipstick Makes A Return

PYMNTS

Today is a great day for America,” President Joe Biden said during a Rose Garden address heralding the new guidance, an event where he and his staff went without masks. Free of masks, free of masks, thank your lucky stars, we’re free of masks.

Bank Of America: 44 Pct Of Consumer Sales Made Through Digital Channels  

PYMNTS

Bank of America posted second-quarter results that, like its brethren such as J.P. Bank of America said that credit spending was up 46 percent, a pace that quickened past debit’s 36 percent. Earnings Bank of America banking Digital Banking mobile banking News Revenue

Bank Of America Launches Business Treasury APIs

PYMNTS

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. With CashPro APIs, we’re helping our clients bring banking information and daily operations even closer together,” said Stephanie Wolf, head of Global Financial Institutions, Governments and Business Banking Sales in Global Transaction Services (GTS) at Bank of America, in the announcement.

Berkshire Hathaway Buys 11.3 Pct Of Bank Of America Shares

PYMNTS

Berkshire Hathaway , the Warren Buffett-helmed conglomerate that owns Geico , upped its stake in Bank of America (BoA) by over $800 million, in what the Financial Times (FT) reported is a vote of confidence in the lagging U.S.

Bank of America Lays Foundation for Merchant Payments-Focused Lab

Bank Innovation

EXCLUSIVE – After its recent partnership with digital product Innovation Company Stuzo, Bank of America’s merchant services business is laying the foundation for an innovation lab. “It It [the partnership] helps us have a conversation with our merchants about their overarching goals,” Michael Roberts, chief marketing and digital strategy officer of Bank of America Merchant Services […].

Bank Of America Acquires Healthcare Payment Startup Axia Technologies

PYMNTS

Bank of America (BoA) is acquiring the German healthcare payment and technology company Axia Technologies for an undisclosed amount as the financial institution (FI) seeks to advance its payment solutions for healthcare clients.

Serko Rolls Out Expense Management Tool In North America

PYMNTS

Corporate travel and expense management solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.

Zelle Use Surges at Bank of America

Bank Innovation

EXCLUSIVE – Bank of America had five million transactions via the digital payments service Zelle in October alone, an amount 35% higher than the average 3.7 Exclusive Mobile Online Open Fintech Payments Retail Bank of America P2P P2P payments PayPal Square Cash Venmo Zellemillion transactions per month the bank reported in September 2017. Yesterday evening, the bank announced that it processed a total of $1.5 billion dollars through Zelle in the month of […].

Bitcoin Daily: Bank Of America Launches Crypto Division; Seoul Central Customs Investigates Illegal Crypto Transfers

PYMNTS

Bank of America has created a new division looking into cryptocurrencies, Bloomberg reported. Candace Browning, head of Global Research for Bank of America, said the push came due to the fast-growing nature of cryptocurrencies, per the report.

Bank Of America Expands SWIFT gpi, Intros CashPro Cross-Border Payment Tracker

PYMNTS

Bank of America (BofA) is introducing a cross-border payment tracker and expanding SWIFT gpi to support more than 140 currencies, accessible through the integrated CashPro platform. Customers can make payments via Bank of America’s SWIFT gpi solution.