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

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.

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

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.

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.

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

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

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.

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

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

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.

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.

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

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 Optimizes AP Supplier Payment Channels

PYMNTS

Bank of America is rolling out a new solution for professionals in accounts payable departments to automatically choose which payment method to pay their suppliers.

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 Continues Latin America Push With Courting Of Mexican Startups

PYMNTS

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.

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 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.

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.

Santander rolls out payments solution for North America

Bank Innovation

Santander Bank has rolled out Santander Cash Nexus, a payments tool solution for the bank’s commercial, corporate and investment banking clients in North America.

Bank Of America Patent Details Wallet Security System

PYMNTS

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 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 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.

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 Q2 Saw $18B In Zelle Payments

PYMNTS

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, 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 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.

Bank Of America Automates FX Conversion For Smaller FIs

PYMNTS

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.

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

Talent Crunch Intensifies For Small Businesses, Bank Of America Finds

PYMNTS

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.

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 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 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 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.

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's AI approach: 'Productive paranoia'

BankThink

BankAI Conference Artificial intelligence Machine learning Operations Risk management Software development Predictive modeling Data modeling Bank of America