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Find here all the latest articles, news, and research on Bank Of America and other Bank Of America-related topics:

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Bank of America launches its Breakthrough Lab

News | Online & Mobile Banking | 17 May 2023

Bank of America has announced the launch of its impact accelerator programme, Breakthrough Lab, for companies and enterprises from underrepresented regions. 

product launch, online banking, digital banking, mobile banking, Bank of America, banks, financial institutions, financial services

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

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

Banked secures USD 20 million in funding led by Bank of America

News | Online & Mobile Banking | 14 Feb 2022

Banked, a provider of a new payment method enabling consumers to pay from their existing mobile banking app, has completed a USD 20 million Series A funding round. 

investment, funding, Bank of America, Open Banking

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

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