INDUSTRY INSIGHTS YOUR PEERS ARE READING
The business, which is called TREVLS, opened at the Mall of America in Bloomington. We’re thrilled that our first location is within Mall of America, which allows us to reach more drivers switching to electric vehicles,” John Marino, founder and CEO of TREVLS, told Chain Store Age. Innovation electric cars Elon Musk Mall of America News Retail Tesla What's Hot MORE
Bank of America is hoping to bridge that gap, albeit in a small way, by allowing its clients to move seamlessly between Bank of America, Merrill Lynch, Merrill Edge, and U.S. MORE
What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. That’s a high hurdle for any company hoping to win profit via digital channels in Latin America. Looking at the data, penetration of mobile phones in Latin America is similar to the case of M-Pesa. MORE
Bank of America is treading familiar ground for an big bank – Chase, Capital One and Wells Fargo have all made similar integrations with the likes of Intuit, Xero and Finicity. “We We value customer choice and want customers to securely access their information when and where they want,” says Moore, head of digital banking at Bank of America. Banking News Bank of America banking What's Hot 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
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. 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
To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. Mobile Payments Alipay Chinese consumers cross-border payments digital payments Mall of America News Payment Methods payment options WeChat Pay What's Hot 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 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
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
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 MORE
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 MORE
A few months ago, Dean Athanasia, president of consumer & small business at Bank of America, said his goal for the bank was to drive sales from digital channels up to 50% over the next 18 months. MORE
Cards Daily Post 2 DataBank Mobile Online Open Fintech Payments Premium Bank of America Venmo ZelleThe U.S. is still far from a cashless society, but something important is nonetheless changing in this regard -- consumer perception. Digital payments have a long way to go in the 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
Bank of America expects to be finished rolling out its AI-driven virtual assistant Erica by mid-summer. Exclusive Innovations Open Fintech Operations Payments PFM Premium Bank of America Erica virtual assistantThe bank first launched Erica in March and will continue rolling out Erica through June, according to an email sent to Bank Innovation. Here is a map of the states where Erica is live. See how Erica works in […]. MORE
Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million Ponzi scheme. Bank of America, N.A., Bank of America spokesman Bill Halldin had no immediate comment on the lawsuit. Legal Bank of America Investment fraud investors Lawsuit News Ponzi Scheme SEC What's HotAccording to Bloomberg , the class-action suit, Heinert v. was filed in U.S. 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
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 Merchant Services, the payments, eCommerce and security solutions company, announced Tuesday (October 30) that it and talech, a cloud-based restaurant management software company, are teaming up to roll out a point of sale solution for the full-service restaurant and bar industries. 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
Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. Its clients include banks, financial institutions and others throughout the Americas. Merchant Innovation Anabel Perez APIs banking financial services Innovation Latin America News NovoPayments MORE
Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by taking a picture of their eye. MORE
In other news, Bank Of America may be looking into using blockchain technology for automated teller machines (ATMs), CoinDesk reported. The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk. 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
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
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
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. 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 laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. In 2013, Bank of America Merchant Services was the top U.S. While that purchase-volume metric had grown to $546 billion by last year, Bank of America slipped to the second-largest acquirer by Visa and Mastercard purchase volume after J.P. Personnel Bank of America BoA first data Merchant Services News What's Hot 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
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year. MORE
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. MORE
Nippon Ichi Software announced news that its American division, NIS America, was the victim of a major data breach that exposed the personal and financial data of online customers. 26, we became aware of a malicious process that had attached itself to our checkout page,” NIS America said in the email. Afterward, the malicious process would return the customer to the NIS America store page to complete their transaction.”. 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
Cash usage in the Americas is at an inflection point. And while that’s a sign of positive growth, proliferation of new payment products is chipping away at the growth, according to the brand new Global Cash Index™ Americas Analysis. percent, represents the largest cash share in the Americas, the country is fast-tracking its transition to a digital economy with new policies aimed at reducing cash usage. Total cash use in the Americas is expected to grow by 2.56 MORE
Bank of America, a financial institution with 3.2 Online Payments Uncategorized Bank of America fintech payments viewpost MORE
According to Tom Durkin, Bank of America ‘s head of digital channels, financial institutions have a new opportunity to embrace this development. ” A 2017 survey from Bank of America found a 14 percent increase in the number of consumers using mobile banking apps compared to 2015. Today (July 2), Bank of America announced its latest initiative in corporate mobile banking. Enterprise processes are starting to look a lot more like the consumer world. MORE
A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal ( WSJ ) reports Thursday (Sept. ” Bank of America has been beefing up its corporate financial services offerings in other areas as well. Jolly, Bank of America’s head of financing and channels in Global Transaction Banking, in a statement at the time. 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
It’s the start of the new earnings season, and Bank of America , among the first companies out of the gate, set a positive tone Monday (October 15) when it released its third-quarter financials — a report that showed mobile banking growth, along with other gains. MORE
America Related Topics 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
DECEMBER 26, 2018
In other news, Bank Of America may be looking into using blockchain technology for automated teller machines (ATMs), CoinDesk reported. The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk.
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.
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.
PYMNTS
OCTOBER 1, 2018
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 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
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
PYMNTS
OCTOBER 27, 2017
Earlier this month, NovoPayment , a digital finance and transactions firm, announced news of the launch of its Developer Hub, one of the first such platforms servicing Latin America, according to a press release. Its clients include banks, financial institutions and others throughout the Americas. Merchant Innovation Anabel Perez APIs banking financial services Innovation Latin America News NovoPayments
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 […].
PYMNTS
JUNE 27, 2018
Bank of America has been accused in a lawsuit of providing more than 100 accounts, used to carry out a $102 million Ponzi scheme. Bank of America, N.A., Bank of America spokesman Bill Halldin had no immediate comment on the lawsuit. Legal Bank of America Investment fraud investors Lawsuit News Ponzi Scheme SEC What's HotAccording to Bloomberg , the class-action suit, Heinert v. was filed in U.S.
PYMNTS
OCTOBER 30, 2018
Bank of America Merchant Services, the payments, eCommerce and security solutions company, announced Tuesday (October 30) that it and talech, a cloud-based restaurant management software company, are teaming up to roll out a point of sale solution for the full-service restaurant and bar industries.
Bank Innovation
OCTOBER 23, 2018
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 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
PYMNTS
SEPTEMBER 21, 2018
A top corporate banking executive at Bank of America (BoA) is slated to depart the institution, according to The Wall Street Journal ( WSJ ) reports Thursday (Sept. ” Bank of America has been beefing up its corporate financial services offerings in other areas as well. Jolly, Bank of America’s head of financing and channels in Global Transaction Banking, in a statement at the time.
PYMNTS
OCTOBER 15, 2018
It’s the start of the new earnings season, and Bank of America , among the first companies out of the gate, set a positive tone Monday (October 15) when it released its third-quarter financials — a report that showed mobile banking growth, along with other gains.
PYMNTS
MARCH 5, 2018
Nippon Ichi Software announced news that its American division, NIS America, was the victim of a major data breach that exposed the personal and financial data of online customers. 26, we became aware of a malicious process that had attached itself to our checkout page,” NIS America said in the email. Afterward, the malicious process would return the customer to the NIS America store page to complete their transaction.”.
PYMNTS
JANUARY 23, 2017
Cash usage in the Americas is at an inflection point. And while that’s a sign of positive growth, proliferation of new payment products is chipping away at the growth, according to the brand new Global Cash Index™ Americas Analysis. percent, represents the largest cash share in the Americas, the country is fast-tracking its transition to a digital economy with new policies aimed at reducing cash usage. Total cash use in the Americas is expected to grow by 2.56
Bank Innovation
SEPTEMBER 13, 2018
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 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 5, 2018
Bank of America is hoping to bridge that gap, albeit in a small way, by allowing its clients to move seamlessly between Bank of America, Merrill Lynch, Merrill Edge, and U.S.
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
Bank Innovation
JULY 16, 2018
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 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.
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
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
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
DECEMBER 4, 2018
Even with more nontraditional players making more loans to small businesses, loan origination at Bank of America is still up over 6% year over year.
PYMNTS
MAY 30, 2018
What will it take to make Latin America more digital — in payments, commerce, FinTech or even healthcare? Cash remains king in the region, with about two-thirds of consumers in Latin America preferring that payment method over credit, according to estimates. That’s a high hurdle for any company hoping to win profit via digital channels in Latin America. Looking at the data, penetration of mobile phones in Latin America is similar to the case of M-Pesa.
Bank Innovation
APRIL 11, 2018
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
Bank Innovation
MAY 18, 2018
Bank of America expects to be finished rolling out its AI-driven virtual assistant Erica by mid-summer. Exclusive Innovations Open Fintech Operations Payments PFM Premium Bank of America Erica virtual assistantThe bank first launched Erica in March and will continue rolling out Erica through June, according to an email sent to Bank Innovation. Here is a map of the states where Erica is live. See how Erica works in […].
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.
PYMNTS
MAY 26, 2017
Bank of America is treading familiar ground for an big bank – Chase, Capital One and Wells Fargo have all made similar integrations with the likes of Intuit, Xero and Finicity. “We We value customer choice and want customers to securely access their information when and where they want,” says Moore, head of digital banking at Bank of America. Banking News Bank of America banking What's Hot
PYMNTS
JULY 2, 2018
According to Tom Durkin, Bank of America ‘s head of digital channels, financial institutions have a new opportunity to embrace this development. ” A 2017 survey from Bank of America found a 14 percent increase in the number of consumers using mobile banking apps compared to 2015. Today (July 2), Bank of America announced its latest initiative in corporate mobile banking. Enterprise processes are starting to look a lot more like the consumer world.
PYMNTS
AUGUST 17, 2018
To help Mall of America merchants engage with Chinese consumers, CITCON has teamed up with the shopping complex to offer stores a cross-border mobile payments system. Mobile Payments Alipay Chinese consumers cross-border payments digital payments Mall of America News Payment Methods payment options WeChat Pay What's Hot
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
Bank Innovation
AUGUST 16, 2017
Mobile and electronics company, Samsung and Bank of America will start working with a focus group over the next six months, as they pilot the iris authentication scan that will allow customers to log into their bank accounts on their mobiles by taking a picture of their eye.
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. 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.
Bank Innovation
NOVEMBER 21, 2018
Cards Daily Post 2 DataBank Mobile Online Open Fintech Payments Premium Bank of America Venmo ZelleThe U.S. is still far from a cashless society, but something important is nonetheless changing in this regard -- consumer perception. Digital payments have a long way to go in the U.S.,
Bank Innovation
OCTOBER 15, 2018
A few months ago, Dean Athanasia, president of consumer & small business at Bank of America, said his goal for the bank was to drive sales from digital channels up to 50% over the next 18 months.
Bank Innovation
AUGUST 25, 2016
Bank of America, a financial institution with 3.2 Online Payments Uncategorized Bank of America fintech payments viewpost
PYMNTS
SEPTEMBER 27, 2017
Bank of America Merchant Services laid off about 10 percent of its staffers last week, with sources saying that the cuts are the result of restructuring. In 2013, Bank of America Merchant Services was the top U.S. While that purchase-volume metric had grown to $546 billion by last year, Bank of America slipped to the second-largest acquirer by Visa and Mastercard purchase volume after J.P. Personnel Bank of America BoA first data Merchant Services News What's Hot
PYMNTS
JANUARY 24, 2018
The business, which is called TREVLS, opened at the Mall of America in Bloomington. We’re thrilled that our first location is within Mall of America, which allows us to reach more drivers switching to electric vehicles,” John Marino, founder and CEO of TREVLS, told Chain Store Age. Innovation electric cars Elon Musk Mall of America News Retail Tesla What's Hot
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