NIS America Hit By Data Breach

PYMNTS

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.”.

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’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 […].

How Bank of America’s Virtual Assistant Erica Works [VIDEO]

Bank Innovation

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 […].

NovoPayment Launches API Platform In Latin America

PYMNTS

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

NEW REPORT: Why The Americas Dig Cash

PYMNTS

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

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 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

Will AI Lead to Open Banking in North America?

Bank Innovation

This is according to Richard Arundel, general manager, North America for financial technology provider Currencycloud, who noted […].

America’s Credit Union Links SMBs To Veem Payment Services

PYMNTS

Cross-border small business payments company Veem is partnering with America’s Credit Union (ACU) to expand its reach to small business (SMB) customers. B2B Payments America's Credit Union API B2B Credit Union cross-border payments News SMBs Veem What's Hot In B2BACU will link its SMB clients to Veem’s global payment services, the companies said in a press release on Wednesday (May 2).

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 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

Tesla Opens Shop For Rentals At Mall Of America

PYMNTS

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

Bank Of America Bans Crypto Purchases Using Its Credit Cards

PYMNTS

Bank of America (BofA) officially announced it “will begin declining credit card transactions with known cryptocurrency exchanges” today through a memo distributed to employees on Thursday (Feb. Bitcoin Bank of America bitcoin cryptocurrency jpmorgan News Payment Methods What's HotThe second-largest U.S. bank is banning customers from purchasing cryptocurrencies using its credit cards, according to Bloomberg reports.

Bank Of America Branches Into Data Sharing

PYMNTS

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

Bank of America Sees “Overwhelming” Growth in Zelle Numbers

Bank Innovation

EXCLUSIVE — It’s another great quarter for Bank of America in terms of number of users of its P2P payment app Zelle. Exclusive Mobile Payments Bank of America Early Warning P2P payments Venmo ZelleThe bank just released numbers for the Zelle app in Q4’17 that shows it processed more than 23 million transactions amounting to almost $7 billion. That’s a 91% increase from the prior year […].

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, 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 Beats 1Q Estimates, Mobile Makes Double-Digit Gains

PYMNTS

Continuing the run of earnings beats for banks, Bank of America announced news on Monday (April 16) that loan growth helped lift results above Wall Street estimates, while digital initiatives showed strong momentum. As for credit quality, Bank of America said in its release that “overall credit quality remained strong across both the consumer and commercial portfolios.”. Earnings Bank of America Digital Banking earnings loans mobile News P2P revenue Wall Street What's Hot Zelle

Samsung, Bank of America Start Work on Iris Authentication for Mobile

Bank Innovation

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.

Bank Of America Venture Lays Off 10% Of Staff

PYMNTS

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

America Can Now Literally Run On Dunkin’

PYMNTS

When Dunkin’ Donuts came up with the slogan “America runs on Dunkin,’” the company was pretty clearly being metaphorical. That’s no longer the case, as the fast food company has decided to take a turn for the literal in their newest marketing campaign.

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 Faces Backlash After Eliminating Free Checking

PYMNTS

Bank of America is facing backlash from customers who’re getting shut out of the company’s free checking account offering. According to news from CNBC, citing Mel San, a Bank of America customer who started a Change.org petition that has gained 46,000 signatures so far, customers are upset that Bank of America is doing away with its eBanking checking account that gave them access to free checking. This is what made Bank of America different,” wrote San, according to CNBC. “I

Bank of America Customers Have Sent $8 Billion in P2P Payments

Bank Innovation

Bank of America’s mobile customers are fast embracing P2P. “We We remain a leader in digital banking and continue to see strong digital growth,” said Paul Donofrio, Bank of America’s chief financial officer, during the company’s earnings call this morning.

Bank of America-Viewpost Partnership Brings Digital Payments to SMEs

Bank Innovation

Bank of America, a financial institution with 3.2 Online Payments Uncategorized Bank of America fintech payments viewpost

Carrier billing in Latin America: 2018 market report by Fortumo

Mobile Payments Today

Fortumo's latest market report gives an overview of the mobile payments landscape in Latin America. It covers 9 of the biggest countries in the region by population where Fortumo has coverage: Brazil, Mexico, Colombia, Argentina, Peru, Chile, Ecuador, Guatemala and Bolivia

Bank Of America’s Authentication Mantra

PYMNTS

Security & Fraud authentication Bank of America Bank of America Merrill Lynch Digital Identity Tracker Main Feature Socure Tracker Series What's happening nowBoA finds success in simplicity and security .

Bank of America Has More Blockchain Patents than IBM

Bank Innovation

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.

Bank of America Teams Up With ModoPayments

PYMNTS

Bank of America Merrill Lynch, a player in transaction services, and ModoPayments, a digital payments company, announced Thursday (Oct. In a press release , the companies said, through the hub, Bank of America Merrill Lynch clients will have the ability to connect with multiple emerging payment networks. Additionally, collaborating with Modo will allow Bank of America Merrill Lynch to rapidly explore additional areas of innovation in transaction services. “We

Today In Data: Bank Of America And Biometrics

PYMNTS

Additionally, Bank of America is looking to strike a difficult balance between customer convenience and security from data breaches. “We We need to know what our customers really want to use before we can commercialize something and put it out to [them],” said Hari Gopalkrishnan, managing director of Consumer-Facing Platforms and Technology for Bank of America.

Bank of America Taps Messenger To Engage Customers

PYMNTS

Bank of America just took a major step toward extending its mobile banking services to a growing base of millennials that are steering away from traditional banking. Mobile Bank of America chatbot Facebook What's Hot

Corporate America Hinges On Presidential Election

PYMNTS

The stakes are high for businesses of all sizes, and the latest data on corporates in America makes that abundantly clear. ” B2B Payments 2016 Presidential Election B2B Cash Management Corporate America corporate finance Featured News small business employmentIt’s one day to election day in the U.S., and as always, national economic issues are at the top of voters’ minds.

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.

New Bank of America Video Shows Mobile Mortgage Process

Bank Innovation

A new video from Bank of America shows a tool called Home Loan Navigator that allows borrowers to manage the mortgage process via mobile — sort of. Lending Mobile Online Technology Bank of America home loan Mobile banking mobile mortage mortgage

SMBs Can Now Apply for Loans Through Bank of America’s Mobile App

Bank Innovation

With its consumer mobile banking upgrades well underway, Bank of America is turning its attention to businesses. Exclusive Lending Mobile Online Payments Bank of America business banking consumer banking mobile lending online lending P2P SMBs Zelle

Bank of America Says ‘No’ to BofA Pay (For Now)

Bank Innovation

Bank of America said “No” to innovation labs last year. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America Merrill Read More.

Bank of America Turns to Electronification of Cash to Reduce Operational Costs

Bank Innovation

EXCLUSIVE – Bank of America seeks electronification of cash not only as way to better serve its banking customers but also as an excellent way to reduce costs: according to Bank of America CEO Brian Moynihan, this digitization of cash can save the bank billions of dollars.

Bank of America’s New Mobile App Unveils Cardless ATM Withdrawals and PFM Tool

Bank Innovation

EXCLUSIVE – Bank of America’s mobile app got a makeover today with a set of new features including a cardless ATM option. Cards Commerce Corporate Exclusive Mobile Online Payments Retail Android Bank of America Facebook iPhone Mobile banking personal finance management Twitter ZelleOn Wednesday, the bank announced a slew of new features in an effort to enhance the banking experience of its 23 million mobile app users.