Articles with tag like: Bank of America

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Bank of America introduces credit card for business travelers

News | Payments General | 05 Aug 2021

Bank of America has announced it is adding a commercial credit card for on-the-go business people in a bet that work travel will eventually return.

Bank of America, banks, central bank, credit card, product launch

Bank of America introduces new cashback credit card

News | Cards | 22 Jul 2021

Bank of America has introduced a new 1.5% cashback credit card, the Bank of America Unlimited Cash Rewards credit card.

Bank of America, product launch, credit card, cashback, banks

Bank of America launches a cryptocurrency research team

News | Cryptocurrencies | 09 Jul 2021

Bank of America has announced launching a cryptocurrency research team as institutional interest in the digital asset space continues to rise.

Bank of America, banks, central bank, cryptocurrency, research, digital assets

Bank of America spends over USD 1 bln a year on cybersecurity

News | Digital Identity, Security & Online Fraud | 21 Jun 2021

Bank of America has announced it is spending over USD 1 billion a year on cybersecurity.

Bank of America, banks, central bank, cybersecurity, fraud prevention

Bank of America launches Pay to Card solution

News | Payments General | 11 Jun 2021

Bank of America has added a new payment solution to its suite of business-to-consumer (B2C) payment capabilities called Pay to Card.

Bank of America, product launch, digital banking

Bank of America settles for USD 75 mln over excessive fees

News | Payments General | 17 May 2021

Bank of America has agreed to pay USD 75 million to settle a lawsuit accusing the bank of extracting overdraft fees it didn't earn from customers with savings and checking accounts, Reuters says.

Bank of America, settlement, bank account

Bank of America offers USD 1 tln for green business initiatives

News | E-invoicing, SCF & E-procurement | 12 Apr 2021

Bank of America has announced it will deploy USD 1 trillion for its environmental business initiative to push for green finance by 2030.

Bank of America, supply chain finance, trade finance, lending

Italy to take on USD 17 bln of UniCredit bad loans to ease MPS sale, Reuters

News | Payments General | 08 Jan 2021

Italy has plans to take on about EUR 14 billion (USD 17 billion) of UniCredit’s impaired loans to make a takeover of state-owned Monte dei Paschi more attractive for the bank, according to Reuters

Italy, UniCredit, MPS, Monte dei Paschi bank, takeover, AMCO, debt, high-risk loans, treasury, Mediobanca, UBS, JP Morgan, Credit Suisse, Bank of America, Orrick, ECB

Open Banking - creating opportunities for everyone - an interview with Bank of America

Interviews | Online & Mobile Banking | 08 Dec 2020

The Paypers speaks with Ad van der Poel, Co-head of Product Management for GTS EMEA at Bank of America, about the Open Banking and Open Finance opportunities for consumers, corporates, and SMEs

Ad van der Poel, Bank of America, Open Banking, SMEs, API, ERP, Open Finance, data sharing, supply chains, cybersecurity, tokenisation, GDPR, US, Europe, PSD2, data privacy, payments, LATAM

BofA adds three APIs to CashPro to advance real-time treasury

News | Payments General | 09 Oct 2020

Bank of America has launched three new APIs to support the increasing demand for real-time information and processing in corporate treasury.

Bank of America, APIs, corporate treasury, CashPro, FX , payments, Commercial Cards

BofA rolls out omni-channel cross-currency transactions approach

News | E-invoicing, SCF & E-procurement | 09 Oct 2020

Bank of America has released an omnichannel offering that includes API and mobile connectivity in response to the imperatives of cross-currency transactions.

BofA, omni-channel, cross-currency, payments, transactions , Bank of America, CashPro app, app, financial institutions, API, mobile connectivity, trade, FX trades, FX trading

JP Morgan pledges USD 30 bln for reducing racial wealth gap

News | Payments General | 08 Oct 2020

JP Morgan has declared it would commit USD 30 billion to address racial inequality over the next 5 years, according to Reuters.

JP Morgan, racial wealth gap, racial inequality, Reuters, mortgage, Black borrowers, Latino borrowers, housing project, small business loans, banks, philanthropy, minority suppliers, Bank of America, Citigroup, Community Development Financial Institutions, CDFIs, loans

Bank of America enters digital financial planning market

News | Online & Mobile Banking | 06 Oct 2020

Bank of America has announced plans to roll out a digital financial planning tool, wading into a space that has so far been dominated by fintech companies.

Bank of America, BoA, digital financial planning, fintech, Life Plan, app, savings, financial advisor, wealth management, digital budgeting, Intuit Inc, Mint, artificial intelligence, bankers, bank

As pandemic recession takes hold, large US banks to report profit plunge

News | Payments General | 05 Oct 2020

Financial analysts expect large US banks to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.

Citigroup, Wells Fargo, JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, profit, recession, US

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

News | Mobile Payments | 31 Jul 2020

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

News | Payments General | 24 Jun 2020

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

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

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

News | Payments General | 25 Mar 2020

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

News | Payments General | 20 Feb 2020

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

News | Online & Mobile Banking | 13 Dec 2019

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