Post Tagged with: "processing"

Bank of America Chief Executive Officer Brian Moynihan
Courtesy: Bank of America

BofA’s Moynihan Lets Slip That Processing Costs Are 90% Lower via Mobile

by October 15, 2015 at 9:58 am 0 comments

So now we know. Brian Moynihan, the chairman and chief executive of Bank of America, disclosed yesterday the rate of savings the megabank is getting from its customers shifting to mobile banking for services: 90%. Indeed, Moynihan said on an investor call yesterday that mobile “is one-tenth the cost relative toRead More

53 Fastest Payment Processors in the World

by March 27, 2014 at 9:57 am 0 comments

Which merchant processor puts through payments fastest? The winner last month was Litle & Co., the Vantiv company. Litle also was fastest in January 2014. Processing speed matters because it is a marker of investment and technical prowess on the part of the payment processor. Here are the 53 fastestRead More