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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. MORE
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. MORE
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. MORE
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 […]. MORE
The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release. MORE
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. MORE
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. MORE
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 MORE
Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking giant can double its consumer market share. The United States has thousands of consumer banks, but, over a decade out from the Great Recession and financial crisis of 2008, already-dominant players like Bank of America have only grown. Moynihan believes doubling Bank of America’s retail business could happen without opening more branches. “If MORE
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. MORE
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. MORE
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 MORE
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 MORE
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. MORE
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 MORE
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. MORE
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 MORE
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 MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
For Bank of America, mobile and digital channels are sustaining its retail business. Carousel Customer Experience Retail Banking Wealth Management Bank of America MORE
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. MORE
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. MORE
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 MORE
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 MORE
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. MORE
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. MORE
Innovations Mobile Online Bank of America Chase Mobile banking online banking Wells Fargo MORE
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 MORE
Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges MORE
America Related Topics 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. 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.
Mobile Payments Today
JUNE 6, 2019
Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges
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PYMNTS
JANUARY 15, 2020
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
PYMNTS
AUGUST 30, 2019
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.
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.
Bank Innovation
OCTOBER 15, 2019
For Bank of America, mobile and digital channels are sustaining its retail business. Carousel Customer Experience Retail Banking Wealth Management Bank of America
PYMNTS
NOVEMBER 11, 2019
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 Innovation
DECEMBER 14, 2018
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
PYMNTS
AUGUST 6, 2019
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
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.
PYMNTS
DECEMBER 4, 2019
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.
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. The solution goes hand-in-hand with Bank of America’s mobile lending platform.
PYMNTS
MARCH 7, 2019
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.
PYMNTS
MARCH 15, 2019
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 Innovation
OCTOBER 21, 2019
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.
PYMNTS
SEPTEMBER 23, 2019
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 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 […].
Bank Innovation
MAY 1, 2019
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.
PYMNTS
DECEMBER 3, 2019
The Corporate America Credit Union (CACU), which serves almost 500 credit unions (CUs) around the world, has become a funding agent for the RTP network, The Clearing House ’s (TCH) real-time payments network, according to a release.
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.
PYMNTS
MAY 6, 2019
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 Innovation
MARCH 2, 2018
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 Innovation
JULY 23, 2018
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.
Bank Innovation
OCTOBER 17, 2016
Innovations Mobile Online Bank of America Chase Mobile banking online banking Wells Fargo
Bank Innovation
JUNE 8, 2016
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
PYMNTS
OCTOBER 21, 2019
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.
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 for innovation appeared first on Chris Skinner's blog.
PYMNTS
MARCH 7, 2019
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.
PYMNTS
AUGUST 9, 2019
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.
PYMNTS
JANUARY 19, 2020
Brian Moynihan, Chief Executive with Bank of America, is not concerned with overwhelming his industry sector — instead, he believes the banking giant can double its consumer market share. The United States has thousands of consumer banks, but, over a decade out from the Great Recession and financial crisis of 2008, already-dominant players like Bank of America have only grown. Moynihan believes doubling Bank of America’s retail business could happen without opening more branches. “If
Bank Innovation
JANUARY 23, 2018
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 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 Innovation
OCTOBER 11, 2018
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 Innovation
AUGUST 28, 2017
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.
PYMNTS
AUGUST 19, 2019
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 Innovation
NOVEMBER 21, 2017
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 Innovation
DECEMBER 11, 2018
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 Innovation
NOVEMBER 9, 2017
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
PYMNTS
OCTOBER 23, 2018
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.
Bank Innovation
JULY 28, 2016
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
PYMNTS
JULY 17, 2019
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
PYMNTS
DECEMBER 4, 2018
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 Innovation
AUGUST 23, 2017
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.
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