Articles with tag: bank of america

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Bank of America expands commercial contact-free payments in EMEA and APAC

31 Jul 2020 | Mobile Payments

Bank of America has expanded its mobile wallet capabilities for corporate clients in EMEA and APAC. 

Bank of America, mobile wallet, mobile payments, EMEA, APAC, US, corporate travel card, contactless payments

Square holds back up to 30 percent of payments made by some SMEs

24 Jun 2020 | Payments General

US-based digital payments company Square has recently began withholding between 20% and 30% of the money it collects from some retailers.

Square, SMEs, risky transactions, retailers, chargebacks, withholdings, shoppers, payment processors, Bank of America, coronavirus

SoftBank launches minorities startup fund

04 Jun 2020 | E-invoicing, SCF & E-procurement

Japan-based SoftBank has launched a USD 100 million fund that will invest in companies led by ‘people of colour’.

George Floyd, SoftBank, startup, Japan, Opportunity Growth Fund, Twitter, Masayoshi Son, Vision Fund, Bank of America

Global investment banking revenue slipped 3 percent in 2019

25 Mar 2020 | Payments General

The five largest global banks hit USD 26.1 billion in investment banking revenue in 2019, 3% down on the year, according to data gathered by LearnBonds.

investment banking, banking, merger, acquisition, JP Morgan, Royal Bank of Scotland, UBS, underwriter, Morgan Stanley, Bank of America

Bank of America reportedly joins RippleNet to power instant global payments

20 Feb 2020 | Payments General

Bank of America (BofA) has been quietly exploring the blockchain technology for several years now, and could be officially joining RippleNet, according to Zy Crypto.

Bank of America, BofA, blockchain, RippleNet, cross border payments, instant payments, DLT, US

Bank of America pays clients USD 15 to use its mobile app

13 Dec 2019 | Online & Mobile Banking

Starting in December 2019, Bank of America has announced it will deposit USD 15 into the accounts of customers if they try mobile check deposit.

Bank of america, mobile bank, mobile banking, incentive, fidelisation, ATM, teller, mobile app, bank, digital banking, United States, North America

BNY Mellon joins blockchain-powered trade finance network Marco Polo

26 Nov 2019 | E-invoicing, SCF & E-procurement

US-based BNY Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.

BNY Mellon, Marco Polo, blockchain, trade finance, trade finance netwrok, TradeIX, Corda, R3, Bank of America, KeyBank, US, North America

IBM builds financial services in the cloud for Bank of America

07 Nov 2019 | Payments General

IBM has built financial services based on cloud technology in collaboration with Bank of America which will be the first large bank to use the platform.

Bank of America, IBM, cloud, financial services, innovation, servers, US

Flywire teams up with BofA on cross-border payments

30 Oct 2019 | Online & Mobile Banking

Open Banking Report 2019

US-based payments platform Flywire has unveiled a new offering of simplified cross-border payments and receipts for Bank of America.

Flywire, US, global payments, partnership, Bank of America, corporate banking, B2B payments, cross-border remittances, JCB International, United States, North America, payments settlement

Bank of America unveils redesigned mobile banking app

25 Oct 2019 | Online & Mobile Banking

Bank of America has announced the launch of its newly designed mobile banking app.

Bank of America, Erica, banking app, product launch, digital bank, online bank, paydown, card balance, financial services, debit, credit, virtual financial assistant, US, United States, North America

Bank of America launches payables optimisation tool

21 Oct 2019 | E-invoicing, SCF & E-procurement

Bank of America Merrill Lynch has introduced a new Accounts Payable Optimisation solution for B2B transactions.

Bank of America, Bank of America Merrill Lynch, product launch, Accounts Payable Optimisation, AP, accounts payable, AP optimisation, treasury payables, banking, online and mobile banking

Bank of America joins the Marco Polo Network

19 Sep 2019 | E-invoicing, SCF & E-procurement

Bank of America has announced that it is joining the Marco Polo Network to tackle trade finance challenges.

Bank of America, Marco Polo Network, trade finance, digital banking, US, Asia Pacific, EMEA, Latin America and North America, BNP Paribas, Commerzbank, ING, LBBW, Anglo-Gulf Trade Bank, Standard Chartered Bank, Natixis, Bangkok Bank, SMBC, Danske Bank

Bank of America files patent security system for crypto wallet

20 Aug 2019 | Cryptocurrencies

Bank of America has been seeking to patent a security system for digital currency wallets that gives different users different levels of access to the stored funds.

Bank of America, crypto wallet, payments security, patent, blockchain, cryptocurrency, US, digital currency wallet

Rite Aid updates online and in-store payment processing

20 Aug 2019 | Online Payments

Rite Aid has announced that it is updating its payment processor and security solutions covering more than 2,400 stores nationwide and its ecommerce site.

Rite Aid, retail, online payments, payments processing, Bank of America Merchant Services

Bank of America to issue tap-to-pay cards

04 Jun 2019 | Cards

Bank of America (BofA) has announced it will reissue cards for Visa customers, joining the wave of companies issuing tap-to-pay cards.

Bank of America, BofA, cards, Visa, tap-to-pay, roll out, contactless cards

Bank of America Merchant Services to provide payment processing for Sezzle

22 May 2019 | Ecommerce

Bank of America Merchant Services has announced that it has been chosen by Sezzle to be their digital card processor.

Bank of America Merchant Services, Sezzle, digital card processor, payment processing, ecommerce

Bank of America Merrill Lynch integrates Apple Watch into CashPro

21 May 2019 | Payments General

Bank of America Merrill Lynch has announced the introduction of Apple Watch capabilities into the CashPro ecosystem.

Bank of America Merrill Lynch, Apple Watch, CashPro

Bank of America files for blockchain ATM as a Service

27 Dec 2018 | Payments General

Bank of America has filed for blockchain ‘ATM as a Service’, to accelerate transaction speed and facilitate various types of ATM transactions.

Bank of America, blockchain, ATM transactions

BofA, JP Morgan Chase provide USD 200 mln credit facility to Corcentric

06 Dec 2018 | E-invoicing, SCF & E-procurement

US-based billing solutions provider Corcentric has secured a USD 200 million senior credit facility from Bank of America, JPMorgan Chase and others.

Bank of America, Corcentric, JP Morgan Chase, lending, investment, credit facility, e-billing, e-invoicing, US, AP automation, accounts payable automation

Bank of America wins patent for storing crypto holdings

15 Nov 2018 | Cryptocurrencies

The Bank of America has announced it has won a patent for a system, used for enterprises to store customers’ crypto deposits.

Bank of America, crypto holdings, bitcoin, private keys, currencies exchange, crypto-fiat conversions