And then there were three. Bank of America has joined JPMorgan and Wells Fargo & Co. in releasing an Apple Pay ad. Some industry experts have described the discounted rate banks gave to Apple as a marketing expense, and many banks have indeed touted their Apple Pay connection. But soRead More
Post Tagged with: "Bank of America"
Bank of America Corp. has quietly expanded its text banking service — yes, text banking service — to “support” at least three more telcos. Those telcos are Sprint, Boost, and Cincinnati Bell. BofA also added MetroPCS, which is a T-Mobile brand.
A new study on brand simplicity has ranked “financial disruptors” higher — as in simpler — than traditional banks.
The money is still flowing into FInTech startups. Two veteran players, Personal Capital and Cardlytics, both scored big today with funding rounds of $50 million and $70 million, respectively.
The number of Apple Pay sign ups have been “staggering,” Bank of America CEO Brian Moynihan says.
Apple Pay has had a spate of double charges related to Bank of America cardholders, but apparently it’s not really anyone’s fault.
Apple Pay is a marketing expense for banks, says an industry expert.
PNC Bank and Key Bank both discussed mobile-first customers on their earnings calls yesterday.
Mobile banking user growth shows no sign of slowing at three of the nation’s largest banks.
Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay.
The Silicon Valley giant is now said to have reached deals for lower transaction fees with five of the largest financial institutions in the nation.