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
Post Tagged with: "Bank of America"
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
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
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 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.