Post Tagged with: "Bank of America"

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

Wells Fargo Leaks Its Ambitious Mobile Skunk Works

by January 15, 2015 at 10:18 am 1 comment

What’s next from Wells Fargo & Co.’s mobile channel? Here are the internal projects Wells is investing in now, courtesy of none other than John Shewsberry, the megabank’s chief financial officer: Wells is building an appointment application that will allow its customers to set up meetings with Wells bankers usingRead More

Mobile Share of Bank of America’s Deposits Climbs 3x

Mobile Share of Bank of America’s Deposits Climbs 3x

by January 15, 2015 at 10:18 am 1 comment

Bank of America Corp. released numbers on its mobile deposits and they are impressive. The key figure: 12% of all deposits at the nation’s second-largest bank are now transacted on mobile devices. Last quarter, the bank noted 10% of its deposits were mobile, so this number has grown 20% inRead More

Of the Big 5 Banks, Wells Looks Like the Year’s Winner

Of the Big 5 Banks, Wells Looks Like the Year’s Winner

by December 24, 2014 at 11:52 am 1 comment

This has been a good year for U.S. equities in general, obviously, but also for bank stocks. Just the fact that bank stocks, on the whole, have performed well deserves note. Yes, we are still in an accommodating interest rate environment, but the banking sector has screwed up such beneficence inRead More

Apple Pay Ads Start Proliferating [VIDEO]

Apple Pay Ads Start Proliferating [VIDEO]

by December 18, 2014 at 10:54 am 2 comments

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

Bank of America Adds 3 Telcos, Including Sprint, to Text Banking

Bank of America Adds 3 Telcos, Including Sprint, to Text Banking

by November 5, 2014 at 9:54 am 0 comments

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.

Square, Venmo ‘Simpler’ Than Banks

Square, Venmo ‘Simpler’ Than Banks

by October 30, 2014 at 11:20 am 0 comments

A new study on brand simplicity has ranked “financial disruptors” higher — as in simpler — than traditional banks.

Personal Capital, Cardlytics Score Massive Funding

by October 29, 2014 at 5:27 pm 0 comments

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.

BofA Scores 150K Sign Ups for Apple Pay ‘in First 24 Hours’ [VIDEO]

by October 29, 2014 at 1:15 pm 0 comments

The number of Apple Pay sign ups have been “staggering,” Bank of America CEO Brian Moynihan says.

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

Apple Pay-BofA Double-Charging Issue Should Be Fixed Today

by October 22, 2014 at 4:46 pm 0 comments

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

Apple Pay Is a Marketing Expense for Banks

by October 22, 2014 at 11:52 am 2 comments

Apple Pay is a marketing expense for banks, says an industry expert.

PNC and Key Both Talk ‘Mobile-First’ Customers

PNC and Key Both Talk ‘Mobile-First’ Customers

by October 16, 2014 at 11:48 am 0 comments

PNC Bank and Key Bank both discussed mobile-first customers on their earnings calls yesterday.