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Seven banks team up to launch digital wallet

News | Payments General | 24 Jan 2023

Wells Fargo, Bank of America, JPMorgan Chase, and four other banks have teamed up to launch a digital wallet that people can use to shop online. 

banks, payments , e-wallet, partnership, product launch

Bank of America expands Hope Inside financial counselling programme

News | Online & Mobile Banking | 20 Dec 2022

Bank of America has decided to expand its Hope Inside financial counselling programme in the context of rising inflation.

financial services, banks, bank account, personal finance management

Bank of America to cover over 350 payment types with CashPro Payment API

News | Online & Mobile Banking | 13 Oct 2022

Bank of America (BoA) has expanded its CashPro Payment API to give customers access to more than 350 payment types and bundle payments.

cross-border payments, API, Bank of America, ACH, PIX, payment processing

Bank of America and Banked extend Pay by Bank to euro currency payments

News | Online & Mobile Banking | 10 Oct 2022

Bank of America has delivered Pay by Bank for euro currency payments in conjunction with UK-based fintech Banked.

account-to-account payment, mobile banking, real-time payments, API, Open Banking

Bank of America invests more in its digital channels

News | Online & Mobile Banking | 29 Aug 2022

Bank of America has expanded its investments in digital channels as customers shift their transactions online in record numbers. 

banks, digitalisation, online banking, mobile banking, investment

Federal regulators fine Bank of America USD 225 mln

News | Digital Identity, Security & Online Fraud | 15 Jul 2022

Federal regulators have fined Bank of America USD 225 million for ‘botching the disbursement of state unemployment benefits at the height of the pandemic’. 

banks, regulation, fraud management, prepaid card, fraud detection

Banks including Wells Fargo, BofA consider Zelle for retail

News | Online & Mobile Banking | 08 Apr 2022

Wells Fargo and Bank of America, among other banks, have reportedly planned to enable Zelle for online retail payments at big merchants, according to eMarketer citing the Wall Street Journal.

Bank of America, Open Banking, mobile banking

Bank of America launches online payment solution

News | Online Payments | 01 Mar 2022

Bank of America has launched its Pay by Bank online payment solution in conjunction with Banked.

Bank of America, online payments, ecommerce, online banking

Solana could get bigger than Ethereum

News | Cryptocurrencies | 19 Jan 2022

Solana has several use cases for consumers, and it could become the Visa of digital assets, as Bank of America analyst Alkesh Shah observed in his research note on cryptocurrency.

cryptocurrency, Ethereum, NFT, blockchain

Bank of America cuts down fees for account overdrafts

News | Payments General | 12 Jan 2022

Bank of America has slashed the amount it charges customers when they spend more than they have in their accounts and plans to eliminate entirely its fees for bounced checks, according to US News.

Bank of America, banks, retail banking