Post Tagged with: "Bank of America"

Ally Adds Android Pay and Samsung Pay to Boost Mobile Payments

Ally Adds Android Pay and Samsung Pay to Boost Mobile Payments

by June 23, 2016 at 10:44 am 1 comment

Ally Bank belongs to the “open-wallet camp,” for now. The online bank introduced Android Pay and Samsung Pay integration for its debit cards, in addition to the existing Apple Pay option, Ally announced yesterday. The addition of these two mobile payment services, according to CEO Diane Morais, expands the optionRead More

Bank of America Quietly Surpasses 20 Million Mobile Users

Bank of America Quietly Surpasses 20 Million Mobile Users

by June 22, 2016 at 1:31 pm 1 comment

Charlotte, N.C.-based Bank of America has passed the 20 million mark in active mobile users. No announcement was made, but a spokeswoman for the bank disclosed to Bank Innovation yesterday that the milestone has been crossed. The bank reported 19.6 million mobile users last April in its 1Q earnings report, and quarter-over-quarterRead More

Bank of America Study Shows Darker Side of Mobile

Bank of America Study Shows Darker Side of Mobile

by June 21, 2016 at 10:44 am 2 comments

Make no mistake, Bank of America is committed to mobile, and reveals more about its work on the platform than most banks. One example is the inclusion of BofA’s mobile check deposit figures in its quarterly earnings call. Few, if any of other banks, lay it out so starkly. That’s whyRead More

Chase 3rd Bank to Launch Realtime ClearXChange Payments

Chase 3rd Bank to Launch Realtime ClearXChange Payments

by June 14, 2016 at 5:10 pm 1 comment

Three banks are now live with realtime peer-to-peer payments on the ClearXchange network: U.S. Bank, Bank of America, and as of yesterday, JPMorgan Chase. U.S. Bank and Bank of America joined the realtime network in March. P2P payments were realtime within Chase since 2012, but now they are realtime amongRead More

U.S. Bank Wallet? Not Yet

U.S. Bank Wallet? Not Yet

by June 9, 2016 at 4:07 pm 2 comments

U.S. Bank would launch a mobile wallet, if a customer need arises, a spokeswoman told Bank Innovation. The bank announced a partnership with MasterCard yesterday, allowing customers to load their debit or credit cards into Android Pay and Samsung Pay mobile wallets. Choosing an open-wallet is the bank’s approach for now, spokeswomanRead More

Alternative Data In ‘Early Adoption Phase’ for Asset Managers, BofA Says

Alternative Data In ‘Early Adoption Phase’ for Asset Managers, BofA Says

by June 8, 2016 at 4:28 pm 3 comments

The use of alternative data for asset management has grown in popularity, but the industry is far from a complete adoption, Bina Kalola head of global strategic direct investments for global banking and markets at Bank of America, said during the Future of Fintech Conference this morning. “Data is beingRead More

Bank of America Back on Windows Phones

Bank of America Back on Windows Phones

by June 8, 2016 at 9:49 am 1 comment

After a yearlong absence, Bank of America’s mobile app is now available on Windows mobile devices. BofA announced last year that starting “early” March 2015 it will no longer support its mobile app on Windows 10 Mobile, Windows Phone 8.1, and Windows Phone 8 mobile devices, suggesting customers access their accounts online. The appRead More

Bank of America Says ‘No’ to BofA Pay (For Now)

Bank of America Says ‘No’ to BofA Pay (For Now)

by May 26, 2016 at 11:12 am 4 comments

Bank of America said “No” to innovation labs last year. This year, while rivals JPMorgan Chase and Wells Fargo & Co. are bringing wallets to market, BofA is looking instead to the surrounding ecosystem. “We want to be in an open wallet ecosystem,” Hari Gopalkrishnan, client-facing platforms technology CIO at Bank of America MerrillRead More

Bank of America Updates App with Check Order Options

Bank of America Updates App with Check Order Options

by May 4, 2016 at 1:13 pm 1 comment

It seems that banks have been busy updating their mobile apps with check features in the past week, despite the fact that checks have been declining in popularity in recent years. Bank of America now allows customers to order checks through its mobile app, “thanks to all the great feedback and featureRead More

BofA Offers Free Credit Score Online

BofA Offers Free Credit Score Online

by April 20, 2016 at 5:06 pm 0 comments

Bank of America is now offering its customers free access to their credit scores within the bank’s website, according to an email sent to customers today. The functionality is provided by the credit bureau TransUnion. Customers can now enroll to receive monthly updated Fico scores through email, by logging in theirRead More