VizyPay carves out a niche catering to rural America

Payments Dive

Austin Mac Nab, the CEO and cofounder of Waukee, Iowa-based payments processing firm VizyPay, said the company aims to disrupt the payments landscape by catering to small town businesses

Bank of America cards go green

Payments Dive

The bank said all of its plastic credit and debit cards will be made from at least 80% recycled material starting next year. The move is expected to reduce its use of non-recycled plastics by some 235 tons

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Bank of America gained 418 technology patents in 2019

Bank Innovation

Bank of America obtained more patents last year than any other year in the history of the company. Artificial Intelligence Automation Blockchain Carousel Daily Post 2 Innovation Strategy Payments Product Design Retail Banking Bank of America patents

America’s Banks Celebrate America’s Vets

ABA Community Banking

In honor of our veterans, the ABA Banking Journal is sharing several stories from America's Banks of how banks serve and employ those who have served. The post America’s Banks Celebrate America’s Vets appeared first on ABA Banking Journal.

Enabling e-commerce and m-commerce in Latin America

Payments Dive

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

Latin America: An ecommerce economy on the rise

Payments Dive

Latin America presents a growing regional economy, however the payments and ecommerce industries present unique challenges

Bank Of America Launches Business Treasury APIs

PYMNTS

Bank of America is rolling out three new application programming interfaces (APIs) as it supports the growing demand for up-to-the-moment data and processing in business treasury. With CashPro APIs, we’re helping our clients bring banking information and daily operations even closer together,” said Stephanie Wolf, head of Global Financial Institutions, Governments and Business Banking Sales in Global Transaction Services (GTS) at Bank of America, in the announcement.

The State of FinTech in Latin America

Chris Skinner

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.

Latin America Entices B2B FinTech Investors

PYMNTS

It was a big week for B2B FinTech startups in Latin America. The new funding, the company noted, will enable the firm to expand throughout Latin America as it steps in to support the region’s SMBs amid the pandemic.

Bank Of America Analyst Sinks Square Rating

PYMNTS

Bank of America has lowered its rating of Square Inc. SMBs Bank of America News SMB Square Inc. by two notches Monday (May 18), downgrading the stock to “underperform” from “buy” amid fears that shops, restaurants, and salons will struggle once COVID-19 funds are spent.

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 ZelleThe new tablet design now mirrors the look and functionality of the BofA iPhone mobile banking app.

MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

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. ” Retail ecommerce Featured News FinTech international LatAm Latin America MercadoLibre News

Bank Of America Sees Personalized Video As Key To Rewards-Program Loyalty

PYMNTS

When Bank of America Rewards Executive John Sellers glanced at his in-house numbers over the last year, the evidence was plain to see. What Bank of America has seen over the few years of integrating video into its digital customer journey is that it’s increasingly able to deliver on all three.

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Cash Automation Guide North America

ATM Marketplace

Determining recycling demand and impact within your network can be daunting. In this guide Diebold Nixdorf explores the benefits of cash recycling and the steps to help drive operational efficiency

Bank of America tech chief says cyberattacks have surged ‘dramatically’

Payments Source

Bank of America Cyber security Coronavirus

Berkshire Hathaway Buys 11.3 Pct Of Bank Of America Shares

PYMNTS

Berkshire Hathaway , the Warren Buffett-helmed conglomerate that owns Geico , upped its stake in Bank of America (BoA) by over $800 million, in what the Financial Times (FT) reported is a vote of confidence in the lagging U.S.

Bank Of America Expands SWIFT gpi, Intros CashPro Cross-Border Payment Tracker

PYMNTS

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. Customers can make payments via Bank of America’s SWIFT gpi solution.

Bank of America customers sent $27 billion through Zelle in Q1  

Bank Innovation

Bank of America customers are shifting toward digital tools. Paul Donofrio, Bank of America’s chief financial officer, said in a statement that despite the […].

Latin America’s Dark, Crypto-Driven, Cybercrime Underbelly

PYMNTS

To get a sense of the new frontiers in cybercrime, and how cryptocurrency helps fraudsters cover their tracks or finance their schemes … look, perhaps, to Latin America. Security & Fraud cryptocurrency Cybercrime fraud Latin America News

Bank of America bumps up tech initiatives budget to $3.6B

BankInovation

Bank of America did not shy away from technology during its first-quarter earnings presentation today. Business Banking bank earnings Bank of America Erica Merrill Lynch Premium Q1 earnings Zelle

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. Finland stopped using checks in 1993, Poland in 2006 and the Netherlands from the start of next year.

Bank of America strikes upbeat tone on lending, profitability

American Banker

Consumer lending Bank of America Earnings Brian Moynihan Commercial banking

Nuvemshop, Latin America's Shopify, Raises $30M

PYMNTS

The four intended to start a new marketplace software product for the Latin America region. Nuvemshop , a Latin American alternative to Shopify, has raised $30 million in a venture capital round as it tries to boost business, according to reports.

Visa On Capturing The Digital Payments Opportunity In Latin America

PYMNTS

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 transformation can be a global model

Payments Source

Latin America's rapidly expanding fintech sector may prove to be the guiding light as we look to establish a widely accessible digital financial ecosystem. Latin America Digital payments Coronavirus Financial inclusion

Serko Rolls Out Expense Management Tool In North America

PYMNTS

Corporate travel and expense management solution provider Serko has launched its Zeno Expense tool in North America, giving customers a new option for B2B travel management, a press release on the company website stated, alongside the company's Zeno Travel tool that was already available.

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 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 says a digital U.S. dollar is ‘inevitable’

BankInovation

will likely move forward with its own digital currency, with issuance occurring between 2025 and 2030, according to Bank of America Corp. Crypto & Defi Bank of America Bloomberg CBDC stable coinsThe U.S.

Bank of America Reports Strong Mobile Growth, Especially Deposits

Bank Innovation

As previously reported on Bank Innovation, mobile banking is the top area of innovation banks in which are spending money—and it appears to be working, with Chase and Wells Fargo both reporting accelerated growth in mobile users last week, and with Bank of America also reporting strong growth today on the Read More. Innovations Mobile Online Bank of America Chase Mobile banking online banking Wells Fargo

Bank of America, Citi, Wells Earnings Off Troughs?

PYMNTS

Morgan, Citi, Wells Fargo, Bank of America and Goldman (where consumer deposits stood at $96 billion in the latest tally, up $4 billion in the quarter) have shown variations on a theme: We’re emerging from what seems (so far) to be a nadir seen earlier in the year.

Megamalls Like Mall Of America And American Dream Face Mega Problems 

PYMNTS

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. Retail American Dream Mall Mall of America malls News Triple Five Group

Bank Of America CEO: Stimulus Package Is Coming Together

PYMNTS

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.

Bank of America sees 79% YoY growth, credits digital channels

BankInovation

Bank of America largely credits digital banking, sales and services for its $31.9 Retail Banking Bank of America Erica Merrill Lynch Premium Q42021 Zellebillion in net income for 2021, a 79% year-over-year increase.

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 AmericaIn a third-quarter earnings call Wednesday, CEO Brian Moynihan stressed the importance of digital banking offerings that are complemented by human support. Customers continue to transact and interact with us in person, as well as through the digital channel,” he said. “We We […].