Bank of America

412 results about this entity

Period: 13 Jul 2004 - 25 Jul 2024

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/payments

BofA CashPro app surpasses $500bn in payment approvals

Bank of America has seen the adoption and use of its CashPro App for corporate payment approvals accelerate significantly over the last couple of years.

/payments

BofA adds transaction search engine to CashPro

When it comes to finding, analyzing and acting on their company’s financial information, corporate finance departments, treasurers and CFOs expect the same ease and convenience they enjoy while managing their personal finances.

Bank of America backs Simply Asset Finance

/startups

Bank of America backs Simply Asset Finance

The Bank of America has moved to support Simply Asset Finance, a fintech that focuses on lending to SMEs, with a loan facility worth up to $120 million.

/retail

BofA's Erica hits two billion interactions

More than 2 billion since 2018. That’s how many interactions Bank of America clients have had with Erica®, the most advanced and first widely available virtual financial assistant, since it launched.

/markets

BofA and State Street back Cboe Clear's CCP for SFT

Cboe Clear Europe, Cboe’s Amsterdam-based pan-European clearing house, today announced that it has secured the support of additional participants to support the launch of its Central Counterparty (CCP) clearing service for securities financing transactions (SFTs).

Adapting to B2B Payments: What businesses need to consider

/payments

Adapting to B2B Payments: What businesses need to consider

Speaking at MPE 2024, Kevin Baker, Head of Merchant Services, EMEA, Bank of America, discusses the B2B payment system evolution, challenges, and digital transaction benefits. We explore ERP integration, emerging trends like wearables and local payments, and evolving payment expectations for consumers and companies.

BofA rolls five apps into one

/retail

BofA rolls five apps into one

Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.

/devops

BofA patents increase nearly 70% in five years

Bank of America today announced a record year for its patent portfolio, which has grown to nearly 6,600 granted patents and pending patent applications – a year-over-year increase of 13%, and an increase of nearly 70% since 2019.

Bank of America customers hit by data hack at Infosys McCamish Systems

/security

Bank of America customers hit by data hack at Infosys McCamish Systems

Bank of America is warning customers of a data breach following a security breakdown at Infosys McCamish Systems, a provider of services for deferred compensation plans at the bank.

/payments

BofA launches CashPro Insights

Bank of America has announced the launch of CashPro Insights, a digital tool that analyzes information flowing through the CashPro platform.

/payments

BofA rolls out new auto shopping tools

Bank of America is introducing new digital capabilities to support consumers in their car shopping and financing journey.

/regulation

Bank of America hit with multiple fines over banking malpractice

Today, the Consumer Financial Protection Bureau (CFPB) ordered Bank of America to pay more than $100 million to customers for systematically double-dipping on fees imposed on customers with insufficient funds in their account, withholding reward bonuses explicitly promised to credit card customers, and misappropriating sensitive personal information to open accounts without customer knowledge or authorization.

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