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.

CFPB Looks Into Bank Of America With Credit Card Probe

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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.

FedEx’s Latest Latin America Logistics Push 

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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.

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.

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

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

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.

Hitachi Capital America Lands Trade Finance Takeover

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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

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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.

Amazon Eyes Rural America For eCommerce Expansion

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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.

SoftBank Continues Latin America Push With Courting Of Mexican Startups

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SoftBank recently announced a $5 billion Innovation Fund solely focused on Latin America , and it has been researching startups in Mexico especially. Mexico is Latin America’s second biggest economy, but its startup sector is trailing Brazil and Argentina.

Bank Of America Patent Details Wallet Security System

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To provide users with different levels of access to funds that are stored, Bank of America is reportedly aiming to patent a security system that is “partitioned” for crypto-wallets. As it stands, Bank of America is said to have won 36 applications for blockchain patents with 31 pending.

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 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 Rebrands, Loses Merrill Lynch Name

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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 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 […].

SoftBank Launches New Tech Fund Focused On Latin America

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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 Q2 Saw $18B In Zelle Payments

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Zelle P2P payments increased 79 percent year-over-year (YoY) in the second quarter of 2019, Bank of America said Wednesday (July 17), signaling the latest burst of growth for that payment method. In its Q2 2019 financial release , Bank of America also gave updates on its mobile and digital efforts. In all, Bank of America now has 37.3 For its payment and debit card business, Bank of America said that total credit and debit spend reached $154.3

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

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.

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.

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 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

CFPB investigating Bank of America over phony accounts

BankThink

Enforcement UDAAP Bonuses and incentives Credit cards Kathy Kraninger Bank of America CFPB Wells Fargo

How Bank of America Will Improve Erica, Its Virtual Assistant

Bank Innovation

Bank of America is proud of its virtual assistant, Erica, which has 3.5 Exclusive Innovations Mobile Online Open Fintech Payments Premium Retail artificial intelligence Bank of America Erica virtual assistant

Bank of America Merrill Lynch Announces New Virtual Payables Feature

Bank Innovation

EXCLUSIVE – Bank of America Merrill Lynch has added a new feature to its Virtual Payables product, an offering which allows its commercial clients to automate post-invoice payments.

Bank of America Updates Billpay Feature on Mobile App

Bank Innovation

Bank of America today announced new features to the billpay functionality of its mobile app, including allowing users to search payment history from up to two years ago.

Bantotal In Latin America Partners With Bitex For Bitcoin Money Transfers

PYMNTS

Bantotal , a core Latin America banking service provider that works with 60 banks in 14 countries, has partnered with Bitex to perform cross-border payments using bitcoin blockchain, according to reports.

Bank of America, Chase the Latest Banks to Buy into Blockchain

Bank Innovation

So much has happened with blockchain over the past couple of weeks—so very much—but let’s talk about the banks: Firstly, Bank of America is the latest to join the ranks of financial institutions experimenting with blockchain.

Bank of America Files for More Blockchain Patents

Bank Innovation

Bank of America filed for nine more blockchain patents. In total, Bank of America now has filed for over 30 blockchain patents since last year. Cryptocurrency Exclusive Mobile Payments Bank of America BlockChain paymentsThese filings were recently made public by the U.S.

Bank Of America Automates FX Conversion For Smaller FIs

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Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion.

Talent Crunch Intensifies For Small Businesses, Bank Of America Finds

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The latest analysis from Bank of America , published on Monday (Dec. The Bank of America Business Advantage “ Fall 2018 Small Business Owner Report ” found continued positivity among the nation’s small businesses, and in their outlook for the months ahead.

Cash won't die in America — it's too darn convenient

Mobile Payments Today

Cash is still king when it comes to buying things like a cup of coffee, pack of gum or a pint of beer in the U.S. Because it's faster and often more convenient, especially when it comes to the little stuff

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 Zelle

Bank of America Introduces PFM Features on Virtual Assistant Erica

Bank Innovation

Bank of America’s virtual assistant Erica is a perfect example of how the bank is using “AI to make (BofA) better and make it better at scale,” according to Cathy Bessant, chief operations and technology officer at the bank.

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

Bank of America to Invest $500 Million in Technology to Drive Innovation and Sales

Bank Innovation

Bank of America will invest about $75 million per quarter in technology from now through the rest of 2019, the bank reported in its earnings call today. Cards Commerce Exclusive Innovations Lending Mobile Online Open Fintech Operations Payments PFM Premium Retail Bank of America Erica Zelle

Bank of America Merrill Lynch Launches Mobile Wallets for Corporate Clients

Bank Innovation

Only months after launching a digital prepaid card for its corporate customers, Bank of America Merrill Lynch continues to expand its digital offerings for its corporate clients.

Bank of America Doubles Down on Credit Scores

Bank Innovation

Bank of America last Tuesday introduced version 7.0.0 Bank of America is believed to be one of the few financial institutions to offer consumers unfettered access to their credit Read More. Cards Lending Mobile Retail Bank of America credit scores FICO FICO score Mobile Apps TransUnio

Bank of America Brings AI to Account Receivables

Bank Innovation

Artificial intelligence is making its way into the messy world of account receivables for those corporates processing large volumes of payments, thanks to Bank of America Merrill Lynch and fintech startup, High Radius.

GoTrendier Will Use $3.5M In Funding To Expand In Latin America

PYMNTS

Retail fashion funding Investment Latin America Marketplace News secondhand Venture Capital What's Hot

Bank Of America Eyes Costly Small Business Data Breaches

PYMNTS

A new survey from Bank of America shines a spotlight on the increasing concerns — and increasing costs — of data breaches. Bank of America said data breaches can be “devastating” to small businesses. Bank of America additionally found more small businesses responding to this trend by accepting mobile payments as customers become more comfortable paying with a mobile device.

Bank of America Brings PFM Features to Latest App Update

Bank Innovation

EXCLUSIVE - Bank of America today notified its mobile app customers of a new feature with PFM functionalityr The new "Goal Tool," can be accessed through the mobile app. Exclusive Mobile Payments PFM Premium Bank of America Mobile Apps Mobile banking online banking savings