Bank Innovation

APRIL 15, 2020

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 […].

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PYMNTS

JULY 29, 2019

The rise of video games, both online and mobile, is helping to drive innovation in retail. This is only part of the innovation trend stemming from video games. In-store sales, notably, is where the retailer needs to see growth. percent, it wasn’t as much as the retailer wanted to see. More Money.

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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

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America Digital Strategies Innovation Strategy 225

Bank Innovation

OCTOBER 15, 2019

For Bank of America, mobile and digital channels are sustaining its retail business. In a third-quarter earnings call Wednesday, CEO Brian Moynihan stressed the importance of digital banking offerings that are complemented by human support.

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America Mobile Digital Banking Retail 186

PYMNTS

OCTOBER 3, 2019

The sale of shoes online has come a long way since the dawn of eCommerce – and footwear continues to help drive innovation in the retail space. The importance of this area of retail was recently underscored by a move involving a Google veteran. 14, Reuters reported about a week ago. The Right Fit. Nike and Voice.

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Innovation Retail Google Online 116

Bank Innovation

SEPTEMBER 28, 2018

One of the largest retail banks in America has a simple yet multifaceted innovation strategy. Bank Innovation spoke with U.S Bank Executive Vice President, Chief Innovation Officer, Dominic Venturo, on which direction the bank is headed, digitally. Bank Innovation: Last quarter we reported that U.S.

Digital Strategies 150

Digital Strategies Innovation Strategy Innovation Strategies 150

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. Today, Bank of America Merrill Lynch unveiled an app specifically designed for reloadable commercial prepaid cards.

America 210

America Cards Mobile Retail 210

PYMNTS

OCTOBER 21, 2019

Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. Some entertainment innovators are also rolling out new subscription services. And retailers are offering innovative subscriptions for all sorts of products.

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Innovation Retail Las Vegas Payments 109

PYMNTS

AUGUST 14, 2019

Youngsters tend to get all the credit when it comes to being a force that drives retail innovation, and that’s fair enough. Venturebeat reported that there are 55 million people in America who are 65 or older, which represents about 16 percent of the country’s population. But older consumers shouldn’t be counted out, either.

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Innovation Retail Millennials Mobile 123

PYMNTS

AUGUST 6, 2019

What to do with retail malls? That is among the latest trends as retail reinvents itself, and technology and other trends force new uses for old commerce spaces. Mall of America is teaming up with University of Minnesota physicians and a Minnesota-based health care system to operate the clinic.”. Mall Leases. New Investment.

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Retail Innovation Minnesota Los Angeles 108

Bank Innovation

MAY 26, 2016

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. This year, while rivals JPMorgan Chase and Wells Fargo & Co.

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America Innovation Technology Marketing 225

PYMNTS

JANUARY 18, 2021

"Even after the pandemic subsides, the digital acceleration we experienced in 2020 will not — it is here to stay," she says in " A Look Forward: What Executives Wish for America and the World in 2021.". While generational differences in buying behaviors clearly exist, those gaps are narrowing. Challenges And Opportunities Ahead In 2021.

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PYMNTS

JANUARY 19, 2021

Chuck Huang, founder and CEO of Citcon , explores how the pandemic has prompted retailers to capitalize on the surge in demand for contactless, digital payments. "As But we at Citcon believe it will also be marked as the year that prompted stunning innovation across industries. 2020 will be remembered by most as a year of trial. "As

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PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization. Stores As Social Centers.

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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. The focus group consists of 1, 5000 […].

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Samsung America Mobile Groups 307

The Paypers

JULY 20, 2022

ATMs and TCRs manufacturer Hyosung America has launched four new retail products that bridge innovation in modular design and cash-automation solutions.

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America ATM Innovation Retail 60

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 million transactions per month the bank reported in September 2017. Yesterday evening, the bank announced that it processed a total of $1.5

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America Payments Report Online 218

Bank Innovation

JUNE 22, 2016

based Bank of America has passed the 20 million mark in active mobile users. No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed. Charlotte, N.C.-based The bank reported 19.6

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America Mobile Charlotte Innovation 170

PYMNTS

OCTOBER 23, 2019

As more retailers try to get more shoppers into their stores – not everything is about eCommerce, after all – new technologies are playing a big role. Many retailers use beacons now, but they’re almost always hidden,” that report said. retailers such as Target and Walmart have started implementing beacons in retail stores.”.

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Innovation Mobile Retail Regional 101

PYMNTS

NOVEMBER 19, 2018

But the same technology that enables those transactions also can bring the benefits of consumer intimacy to small and medium-sized businesses (SMBs) that are often struggling to win more market share in a retail world dominated by the likes of Amazon, Walmart and other large retailers.

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Retail Innovation Comparison Training 177

Bank Innovation

JANUARY 24, 2017

Edward “EJ” Achtner, Bank of America‘s Head of Digital Banking – Strategy, Platforms, Innovation, and Partnerships, has joined the Bank Innovation 2017 speaker faculty. based bank.

Innovation 150

Innovation Charlotte America Digital Banking 150

Bank Innovation

DECEMBER 7, 2017

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.

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Bank Innovation

MAY 18, 2018

billion acquisition of Swedish small business commerce platform iZettle will boost its presence in 12 markets across European and Latin America, particularly in the physical retail space. PayPal’s $2.2 The move highlights the increasingly overlapping businesses of PayPal and Square, of which iZettle is a competitor.

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Retail America Marketing Capital 186

BankInovation

MARCH 11, 2024

To keep up with consumer demand for digital capabilities, Bank of America’s inventors focus on solving client problems and removing friction through innovation and patent efforts. In 2023, the $3.2 trillion bank was granted 644 patents, up 6% year over year from 2022, according to a bank press release.

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America Innovation Retail 68

PYMNTS

MARCH 2, 2020

It’s really difficult, the banking ecosystem is not fast and that’s just reality,” Jim McCarthy, industry expert and former innovation head for Visa, told Karen Webster in a recent conversation. The Headwinds Creating The Innovations Gap . But they all tend to have three things in common.

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Innovation Data System Mobile 222

PYMNTS

NOVEMBER 8, 2018

In a bid to increase loyalty, merchants are driving innovations in their stores. To that end, some brick-and-mortar retailers have begun to offer rewards programs for the very first time to bring shoppers through their doors. Retailers are taking new approaches to the way they attract customers.

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Innovation Las Vegas Payments Fort Worth 178

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. In an email this morning to its customers prompting them to download the mobile app (which the bank does on a regular basis), BofA also revealed a set […].

America 170

America Mobile Payments Capital 170

Bank Innovation

OCTOBER 11, 2018

Bank of America is proud of its virtual assistant, Erica, which has 3.5 million users and 11 million transactions within three months of its launch, Michelle Moore, head of digital banking at BofA, said at the BAI Beacon conference in Orlando yesterday. But Erica still has a long way go. Customers are not comparing Erica to […].

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America Conference Digital Banking Online 170

PYMNTS

AUGUST 7, 2020

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. But she added that such innovation has raised “fundamental questions” about legal and regulatory safeguards. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov. A Liquidity Boost? .

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America Kansas City Payments Kansas 189

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. Trust […].

America 150

America User Experience Mobile Management 150

Bank Innovation

JANUARY 16, 2019

Bank of America set an ambitious goal for digital sales last June: 50% over the next couple of years. The bank remains far behind that target. Last quarter, the bank recorded 27% of its consumer banking sales came from digital, according to its fourth quarter 2018 earnings, which were disclosed today.

America 170

America Operations Online Mobile 170

BankInovation

SEPTEMBER 13, 2022

Bank of America is reporting record digital usership and multiple granted patents on the heels of boosting its technology spend in the first quarter of the year. Bank of America has a deep culture of being innovative and exploring creativity,” Michael Young, senior vice president of global information security at $3.1

America 52

America Innovation Security Technology 52

Bank Innovation

SEPTEMBER 14, 2018

Banks and fintech ranked artificial intelligence and machine learning as their top innovation priority, according to a Bank Innovation survey. Bank Innovation asked people in the banking and fintech community to list what’s top on their innovation wish list.

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Innovation Survey Fintech Community 186

Bank Innovation

MARCH 16, 2017

We got a glimpse of this at Bank Innovation 2017, our invite-only event in Silicon Valley earlier this month. (If What’s keeping bankers awake at night in 2017 – and what’s helping them leap out of bed in the morning, ready to help make customers’ financial dreams come true? If you missed the action and are […].

Innovation 271

Innovation America Online Mobile 271

PYMNTS

DECEMBER 30, 2016

Canada and the Netherlands, as well as a larger launch in Europe this year, Mastercard is now unveiling Identity Check Mobile to Latin America. Smartphone penetration in Latin America was about 32 percent in 2014 and is expected to grow to nearly 70 percent by 2020. After fruitful trials in the U.S., and Europe.”.

America 113

America Regional Mobile Security 113

PYMNTS

JANUARY 14, 2019

It looks like we can finally have a serious conversation about the impending collapse of physical retail in the U.S. All it took was a 160-year old retailer and a $34 billion kick in the stomach to the retail sector to get everyone’s attention. retailer, Sears, which found itself standing at Chapter 7’s front door.

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Retail Online Mobile Data 198

PYMNTS

JUNE 7, 2019

Mobile point-of-sale (mPOS) solutions have enjoyed widespread uptake in much of North America, and the region’s related market could see continued growth if solutions providers, government officials and other stakeholders play their cards right. percent between 2017 and 2026. percent between 2017 and 2026. Receptivity in U.S. and Canada.

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America Mobile Cards Study 128