Fiserv bets on Latin America
Payments Dive
JULY 27, 2023
“Latin America has been a standout grower in recent quarters, and we believe it can remain so for the long term,” Fiserv CEO Frank Bisignano said Wednesday during an earnings call.
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Payments Dive
JULY 27, 2023
“Latin America has been a standout grower in recent quarters, and we believe it can remain so for the long term,” Fiserv CEO Frank Bisignano said Wednesday during an earnings call.
Payments Dive
NOVEMBER 17, 2023
Credit card spending for small businesses has largely been flat relative to last year, but balances have risen, the Bank of America report said.
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BankInovation
OCTOBER 2, 2024
Tens of thousands of Bank of America clients reported outages of online and mobile banking services today. Many clients posted to social platform X to alert […] The post Bank of America mobile app, digital interface down appeared first on Bank Automation News. ET, more than 20,000 clients had reported issues with the $3.2
Speaker: Lynnette Khalfani-Cox, The Money Coach®
Niche markets represent a huge opportunity for the financial services industry in America. From college students and women to communities of color and low-to-moderate-income households, niche populations have specialized financial needs – but they often underutilize many valuable financial products and services.
Payments Dive
FEBRUARY 6, 2020
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.
Bank Innovation
FEBRUARY 9, 2020
Bank of America obtained more patents last year than any other year in the history of the company. In 2019, company obtained 418 patents, a 31% increase over the prior year. According to the bank, patents protect the bank’s tech investments.
BankInovation
SEPTEMBER 12, 2024
Bank of America is investing in technology initiatives as automation and digitalization remain priorities. trillion bank spends $12 billion annually on technology, a Bank of America spokesperson told Bank Automation News.
Payments Dive
JUNE 26, 2024
The team behind the bank’s CashPro app aims to stay a step ahead of rivals, including with payment approval features.
Chris Skinner
AUGUST 1, 2018
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.
Payments Dive
JULY 11, 2023
Regulators say Bank of America opened credit card accounts without customers’ consent and misled consumers with respect to rewards for card applications.
Chris Skinner
AUGUST 28, 2019
These days, in … The post America: a nation living in the 20th Century appeared first on Chris Skinner's blog. Although a valid payment mechanism in some countries, it has been phased out in many. Finland stopped using checks in 1993, Poland in 2006 and the Netherlands from the start of next year.
PYMNTS
DECEMBER 14, 2020
When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. As of the third quarter he said, Bank of America was reporting 39 million digital users, 30 million of whom are mobile users, and 43 million mobile check deposits were seen during the quarter alone.
BankInovation
APRIL 24, 2024
Bank of America’s innovation is never complete since its team constantly updates offerings to meet ever-changing client needs. “At Bank of America, innovation is everybody’s job,” Jorge Camargo, managing director of mobile app, online banking and Erica AI at Bank of America, told Bank Automation News.
Bank Innovation
JANUARY 17, 2018
Bank of America has more blockchain-related patents than any other firm in the U.S., According to the report, Bank of America has 43 patents while Mastercard and IBM have 27 each, followed by 14 from Fidelity. according to a new report by New York-based law firm EnvisionIP. The report counted a total of 1,045 blockchain […].
PYMNTS
JUNE 3, 2020
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. According to eMarketer, eCommerce made up about 4 percent of the total spent last year in Latin America, due mostly to its cash-heavy economy.
Chris Skinner
FEBRUARY 27, 2018
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 (..)
Bank Innovation
OCTOBER 4, 2016
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 Merrill Lynch recently announced at Sibos that it was collaborating with Read More.
PYMNTS
DECEMBER 10, 2020
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. 10) press release. and Ireland at SWIFT. .
Payments Dive
JUNE 30, 2020
Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.
Payments Dive
DECEMBER 5, 2023
The growth rate in the number of shoppers downloading buy now, pay later apps shrunk for this year's Thanksgiving shopping weekend compared to 2022.
Bank Innovation
JANUARY 24, 2018
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 […].
BankInovation
JULY 16, 2024
Bank of America continued to see digital adoption grow during the second quarter while keeping up with the digital needs of clients by looking to AI. “AI has moved from cost savings ideas to enhancing the quality of our customer interactions,” Chief Executive Brian Moynihan said during today’s second-quarter earnings call.
BankInovation
AUGUST 29, 2024
ATLANTA — Contactless transactions saw a boost amid the pandemic and contactless payments are here to stay as adoption continues to tick up, according to Bank of America. “We We look at a lot of data … the latest trends when it comes to consumers,” Juan Garrido, managing director and head of global banking merchant product […]
PYMNTS
JUNE 19, 2020
It was a big week for B2B FinTech startups in Latin America. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our capabilities in this important region,” the firm’s Founder and CEO Lex Greensill said in a statement.
Payments Dive
FEBRUARY 12, 2024
The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.
PYMNTS
AUGUST 22, 2019
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. That app, the site noted, uses xCurrent software. I can just send a payment from Argentina to Chile directly [using bitcoin].”
PYMNTS
JULY 24, 2020
malls — Minnesota’s Mall of America and New Jersey’s American Dream mall — are struggling, with the company that owns both recently skipping a third straight payment on the Minnesota property. the Mall of America features not only 500 stores, but also some 28 amusement-park rides, an aquarium and more. The two largest U.S.
PYMNTS
OCTOBER 14, 2020
The four intended to start a new marketplace software product for the Latin America region. Nuvemshop was formed by Santiago Sosa, Alejandro Vazquez, Martin Palombo and Alejandro Alfonso and went through numerous trials and errors on the way to forming.
PYMNTS
DECEMBER 10, 2020
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. When you look at what they’re spending year-to-date, they’ve spent more in 2020 than they did in 2019, and that is now across $2.7
BankInovation
JANUARY 9, 2024
Bank of America added data insights to its CashPro platform as corporate and commercial clients asked for real-time treasury management functionality.
PYMNTS
JUNE 18, 2020
The advance of digital payments in Latin America over the last two decades has been slow when measured against other parts of the globe. Critical to bringing digital payments into Latin America in general, and into WhatsApp in specific, is they must be secured via tokenization. ” Latin America’s Digital Path Forward.
PYMNTS
FEBRUARY 25, 2019
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. 1 brand there is.”.
PYMNTS
MAY 1, 2020
The CEO of Bank of America said the impact of the $2.2 In an interview on CNBC’s “Closing Bell,” on Friday (May 1) Bank of America CEO Brian Moynihan said the combined elements of the CARES Act are coming together to jumpstart the economy. He said Bank of America has processed 231,000 PPP loans representing about $24 billion.
PYMNTS
SEPTEMBER 22, 2020
To help local businesses encountering difficulty because of the coronavirus or civil unrest, the Mall of America is contributing a 5,000-square-foot retail space to local businesses called the Community Commons. The space will be rent-free to 17 companies, opening Oct.
PYMNTS
JUNE 16, 2020
Greensill, which provides working capital finance for customers around the world, has acquired Latin America-based lender Omni, a lender to small and medium-sized businesses (SMBs). “Together we will ensure that SMEs across Latin America have the fairest access to finance available.”
PYMNTS
FEBRUARY 6, 2019
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. Bank of America is rolling out the service to help its more than nine million small businesses customers.
BankInovation
MAY 10, 2024
Bank of America aims to add 10 to 20 modules to its virtual reality training program every year to enhance employee training and improve information retention.
PYMNTS
OCTOBER 14, 2020
Bank of America (BofA) said on Wednesday (Oct. trillion in spending at Bank of America, customers have spent more than they did last year,” CEO Brian Moynihan told investors and analysts on a conference call following the company’s 3Q earnings release. All told, Bank of America reported Q3 net income of $4.9 That’s down from $5.8
CFPB Monitor
JANUARY 26, 2024
Bank of America, N.A. Bank of America, N.A. , has filed its merits brief in Cantero v. the case currently before the U.S. Supreme Court dealing with the scope of national bank preemption. The petitioners must file their reply brief by February 16, 2024. (The The petitioners’ merits brief is available here.) . Continue Reading
PYMNTS
SEPTEMBER 18, 2019
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, however, has contended that a demand for emails, as well as other records, in March 2019 is unduly burdensome.
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