Post Tagged with: "Bank of America"

Universal Bankers May Need a Full Year’s Training, Bank Execs Say

Universal Bankers May Need a Full Year’s Training, Bank Execs Say

by April 20, 2015 at 11:54 am 0 comments

Working at a branch may not be a viable means of getting an entry-level bank job anymore. Branch traffic is down, costs are up, and sales are flat. That’s the familiar story from America’s bank branches, and the industry is calling for employees with both broader and deeper skillsets toRead More

Bank of America’s Mobile Deposit Volume Booms

Bank of America’s Mobile Deposit Volume Booms

by April 16, 2015 at 10:53 am 1 comment

Bank of America might be lagging some of its competitors in mobile banking user growth, but the bank is increasing its remote deposit business at an enviable rate. The bank said yesterday that 13% of its deposits last quarter — or roughly $4.5 billion of a total $34.2 billion of newRead More

Mobile User Growth Eases at Bellwether Banks

Mobile User Growth Eases at Bellwether Banks

by April 15, 2015 at 9:45 am 1 comment

Mobile banking ain’t growing like it used to. A deep look mobile banking at the Big 3 banks — Bank of America, Wells Fargo & Co. and JPMorgan Chase & Co. — finds user growth easing. The banks had a total of 51.8 million mobile banking users at the end ofRead More

Samsung Pay Hits the Scene With 4 Megabanks on Board

Samsung Pay Hits the Scene With 4 Megabanks on Board

by March 2, 2015 at 11:23 am 1 comment

Samsung didn’t just introduce Samsung Pay yesterday. It introduced it with four megabanks as partners. JP Morgan Chase & Co., Bank of America, Citigroup and US Bancorp all are launch partners of Samsung Pay. The four are among the largest card-issuing banks in the nation. Oh, and all four areRead More

Big Banks Coming to NYC Next Week to Flesh Out Faster Payments

Big Banks Coming to NYC Next Week to Flesh Out Faster Payments

by February 19, 2015 at 4:50 pm 0 comments

Representatives of the 24 banks that collectively own The Clearing House Payments Co., the oldest banking and payments association in the United States, will meet in New York next week to discuss faster payments, according to a representative of one of the member banks. The meeting next week, which isRead More

Predictive Shopping Rewards App Moneyworks Launches

Predictive Shopping Rewards App Moneyworks Launches

by February 4, 2015 at 10:48 am 0 comments

A new shopping and rewards app, Moneyworks, hit the Google Play store yesterday. Another shopping and rewards app? Yes. But Moneyworks, which launched but a week ago, offers a bit of a twist in that it is predictive and can push relevant offers to users before users are even aware of theRead More

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.