Bank Of America Boasts $22B In Bailout Loans

PYMNTS

It was a phenomenal Friday (April 3) for Bank of America. Bank of America boasted that it was the first major financial institution (FI) to begin accepting applications for the federal $349 billion relief program on day one.

Bank Of America Can Now Accept Small Business Relief Applications

PYMNTS

Bank of America has reportedly become the first large bank to be able to take digital applications for the $350 billion small business loan program that is part of the government’s coronavirus relief package. A separate report noted that Bank of America Corp.

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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

America: a nation living in the 20th Century

Chris Skinner

These days, in … The post America: a nation living in the 20th Century appeared first on Chris Skinner's blog. When did you last write a check (cheque)? When did you last receive one? Although a valid payment mechanism in some countries, it has been phased out in many.

Latin America: An ecommerce economy on the rise

Mobile Payments Today

Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges

Bank of America lets 50,000 mortgage borrowers skip payments

American Banker

Bank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they've lost income as a result of the pandemic. Bank of America Servicing Coronavirus

FedEx’s Latest Latin America Logistics Push 

PYMNTS

The moves are designed to further last-mile operations in Latin America. Lange added that Latin America remains a “key market.”. As reported by The Next Web, the last-mile arena in Latin America is marked by increased competition.

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

In Latin America, Ripple Makes Remittance Waves

PYMNTS

In Latin America, news comes this week that Santander Group is boosting its use of Ripple’s technology to aid payments across what CoinDesk reported is a “payment corridor” in Latin America.

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 Zelle

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.

Stripe Expands To Latin America, Will Open Mexico City Office

PYMNTS

There’s a very rich ecosystem for us in Latin America.”. Softbank has also been making moves in the region, and it recently said it was going to use a $5 billion fund to invest across Latin America. Latin America ecommerce expansion Mexico City mobile News Stripe What's Hot

Latin America’s Dark, Crypto-Driven, Cybercrime Underbelly

PYMNTS

To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Security & Fraud cryptocurrency Cybercrime fraud Latin America News

Uber Loses Ground In Latin America Amid Increased Competition

PYMNTS

Latin America is becoming a new weak spot for Uber, showing a 2 percent growth, the lowest of any region for the ride-hailing company, Reuters reported on Monday (Nov. In a statement to the news outlet, Didi Chuxing said it sees “tremendous opportunity for growth” in Latin America.

Mobile users drive deposit growth at Bank of America

Bank Innovation

For Bank of America, mobile and digital channels are sustaining its retail business. Carousel Customer Experience Retail Banking Wealth Management Bank of America

CFPB Looks Into Bank Of America With Credit Card Probe

PYMNTS

In a civil investigation that recently came to light, the Consumer Financial Protection Bureau (CFPB) is looking into Bank of America as part of a probe that came out of the phony accounts scandal at Wells Fargo.

Bank Of America’s Erica Surpasses 10M User Mark

PYMNTS

Zelle peer-to-peer (P2P) payments increased 76 percent year-over-year in the fourth quarter of 2019, Bank of America said on Wednesday (Jan. In its Q4 financial release , Bank of America also gave updates on its mobile and digital efforts. As it stands, Bank of America now has 38.3

Farmers Step Up Deliveries In Rural America

PYMNTS

American farmers, spurred by the coronavirus ‘ upending of American normality, have begun making home deliveries of fresh food in areas where popular apps like Instacart might not be available, according to a report by Reuters.

Hitachi Capital America Lands Trade Finance Takeover

PYMNTS

Hitachi Capital America , Hitachi’s U.S.-based In a statement, Hitachi Capital America EVP and General Manager of Commercial Finance and Corporate Development Mark Duncan said the takeover will help the company expand its footprint in the technology sector.

Bank Of America Rolls Out Digital Tool For Entrepreneurs

PYMNTS

Bank of America announced on Wednesday (Feb. In a press release , Bank of America said the new dashboard is available to business banking customers, giving them a view of their cash flow. The solution goes hand-in-hand with Bank of America’s mobile lending platform.

Restaurants slash mobile ordering fees as America takes shelter

Mobile Payments Today

As restaurants across the United States shutter dine-in locations and switch to carry-out and delivery-only options, many fast casuals are discounting or totally waiving delivery fees in an effort to not only help keep their businesses alive but to do also make it easier for Americans to access foo

Amazon Eyes Rural America For eCommerce Expansion

PYMNTS

Amazon connectivity digital ecommerce Marketplace News rural Rural America SMBs U.S According to a new study by Amazon, improved access to digital tech could help rural businesses add 360,000 full-time jobs and contribute an additional $140 million to the U.S. economy.

Visa, NovoPayment To Deploy Digital Solutions In Latin America, Caribbean

PYMNTS

Visa and banking-as-a-service platform NovoPayment are expanding their strategic partnership to advance the deployment of digital solutions in Latin America and the Caribbean, Visa said in a press release on Tuesday (Dec.

Sage Exits Latin America Amid Cloud Transition Growing Pains

PYMNTS

B2B Payments accounting Acquisition B2B brazil international Latin America News payroll Sage SMBs software U.K.

Bank of America Merrill Lynch’s API Gateway Seeks to Connect EMEA Clients with Fintechs

Bank Innovation

EXCLUSIVE- Echoing the mandate of PSD2, Bank of America Merrill Lynch today unveiled an API gateway that seeks to connect its commercial clients to fintechs and other third-party vendors. Bank of America Merrill Lynch […].

Bank Of America Rebrands, Loses Merrill Lynch Name

PYMNTS

Bank of America will drop the Merrill Lynch name from its trading and investment banking outfits, according to reports. The move shows that Bank of America is finally moving past the crisis and the problems it wrought, and focusing on renaming some of its acquired business, including the U.S.

Bank Of America To Leverage Marco Polo For Trade Finance

PYMNTS

Bank of America has announced that it has joined the Marco Polo Network , the leading trade and working capital finance network. B2B Payments B2B Bank of America banking global trade finance Marco Polo Network News transparency What's Hot In B2B

Bank Of America Merchant Services, Recurly Team On Subscriptions

PYMNTS

Bank of America Merchant Services announced Monday (May 6) a partnership with Recurly, which runs an enterprise subscription management platform. Subscriptions isn’t the only area Bank of America Merchant Services is going after.

Bank of America Back on Windows

Bank Innovation

After a yearlong absence, Bank of America’s mobile app is now available on Windows mobile devices. Innovations Mobile Online app Bank of America Microsoft Windows Windows 10

Bank of America Reports Strong Mobile Growth, Especially Deposits

Bank Innovation

Innovations Mobile Online Bank of America Chase Mobile banking online banking Wells Fargo

Bank of America Revising New App to Bolster Small Biz Client Base

Bank Innovation

Bank of America has a new source of small business data. Payments Premium Retail Bank of America Bank of America Merrill Lynch Merrill Edge Merrill Lynch Mobile banking QuickBooks small business banking U.S.

Bank of America to Launch Erica This Month

Bank Innovation

EXCLUSIVE – Bank of America is all set to launch its AI powered bot Erica this month, Michelle Moore, head of digital banking at BofA told Bank Innovation. Exclusive Innovations Mobile Online Operations Payments artificial intelligence Bank of America chat bot Erica machine learning

Don’t look to America for innovation

Chris Skinner

I recently wrote this piece for Raconteur’s Sunday Times supplement, and thought it might interest The Finanser’s readers: ‘When we in the West look to America for innovation, we are looking the wrong way’ I often talk about the world of change we are going through and how Europe and America are … The post Don’t look to America for innovation appeared first on Chris Skinner's blog.

SoftBank Launches New Tech Fund Focused On Latin America

PYMNTS

The new fund plans to invest in technology companies across Latin America, going after the same industries and sectors that SoftBank already invests in. The fund will also help existing portfolio companies to expand in Latin America.

Bank of America Merrill Lynch Launches Mobile App for Prepaid Commercial Card

Bank Innovation

With over 25 million mobile bank users on the retail side, Bank of America is shifting attention to ramping the numbers on the commercial side, with the launch of a mobile app for its prepaid commercial cards.