Bank of America (BofA) – NFC World https://www.nfcworld.com News and analysis on the emerging technologies transforming how consumers choose what to buy, who to buy from, and how to pay Fri, 18 Jan 2019 19:44:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.1 https://www.nfcworld.com/wp-content/uploads/2016/02/cropped-nfc-world-site-icon-32x32.png Bank of America (BofA) – NFC World https://www.nfcworld.com 32 32 37289602 Bank of America links its mobile apps to let customers access multiple services without re-authenticating https://www.nfcworld.com/2018/10/09/358301/bank-of-america-links-its-mobile-apps-to-let-customers-access-multiple-services-without-re-authenticating/ Tue, 09 Oct 2018 11:41:27 +0000 http://www.nfcworld.com/?p=58301 “Bank of America today announced that it is introducing a new feature that will allow clients to move seamlessly between the Bank of America, Merrill Lynch, Merrill Edge and US Trust mobile apps without having to re-authenticate… The new app-linking feature will be available at Bank of America, Merrill Lynch, and Merrill Edge today and […]

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Bank of America brings mobile payments to business card customers https://www.nfcworld.com/2018/09/19/358057/bank-of-america-brings-mobile-payments-to-business-card-customers/ Wed, 19 Sep 2018 09:37:26 +0000 http://www.nfcworld.com/?p=58057 “The millions of Bank of America Merrill Lynch cardholders who use our corporate, commercial and purchasing cards in the United States are now able to use Apple Pay, Google Pay and Samsung Pay to make business purchases.”

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Bank of America patent sets out cryptocurrency security role for banks https://www.nfcworld.com/2018/08/28/357882/bank-of-america-patent-sets-out-cryptocurrency-security-role-for-banks/ Tue, 28 Aug 2018 11:35:05 +0000 http://www.nfcworld.com/?p=57882 “The patent envisions a future in which cryptocurrency is widely adopted by the general public but that consumers still entrust their funds to custodians such as banks rather than maintaining their own private keys.”

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Bank of America adds AI assistant to mobile banking app https://www.nfcworld.com/2018/05/21/357081/bank-of-america-adds-ai-assistant-to-mobile-banking-app/ Mon, 21 May 2018 13:06:15 +0000 http://www.nfcworld.com/?p=57081 “Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients… Erica is designed to learn from clients’ behaviours over time, helping them accomplish simple to complex tasks within the mobile banking app with easy-to-follow prompts. Clients can interact with […]

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Bank of America reports 84% rise in P2P payment transactions https://www.nfcworld.com/2018/01/16/356161/bank-america-reports-84-rise-p2p-payment-transactions/ Tue, 16 Jan 2018 11:09:08 +0000 http://www.nfcworld.com/?p=56161 “Bank of America saw total Zelle transactions for 2017 hit nearly 68 million, an 84% growth rate from the previous year. In Q4 alone, Bank of America processed over 23 million transactions, totaling nearly US$7bn, up 91% from the prior year… Currently, Bank of America has nearly three million active Zelle users, and continues to […]

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Garmin Pay adds support for Visa credit, debit and prepaid cards https://www.nfcworld.com/2017/12/06/355796/garmin-pay-adds-support-visa-credit-debit-prepaid-cards/ Wed, 06 Dec 2017 14:07:52 +0000 http://www.nfcworld.com/?p=55796 “Garmin Pay is now available to Visa accountholders from numerous participating issuing banks including Bank of America, Capital One, and US Bank in the United States, and BonusCard, Cornér Bank, ANZ and NAB (National Australia Bank) internationally… Garmin Pay was initially launched in November 2017 for Mastercard accountholders.”

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PayPal tops US survey of most trusted financial services brands https://www.nfcworld.com/2017/11/09/355514/paypal-tops-us-survey-trusted-financial-services-brands/ Thu, 09 Nov 2017 13:06:01 +0000 http://www.nfcworld.com/?p=55514 “Approximately 30% of consumers rank PayPal as trustworthy, compared with 25% for Visa, 23% for Mastercard, and 17% for American Express… Apple Pay and Google Wallet are trusted by only 13% of consumers… Just 17% think Capital One and Chase are trustworthy, with Bank of America one point below at 16%… Bitcoin has the lowest […]

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Bank of America reports $4bn in P2P payments https://www.nfcworld.com/2017/10/16/355071/bank-of-america-4bn-dollars-p2p-payments/ Mon, 16 Oct 2017 12:37:34 +0000 http://www.nfcworld.com/?p=55071 “Bank of America released its third quarter earnings on Friday morning and executives spoke confidently about Zelle, the payments platform used by several big banks. The total number of peer-to-peer payments made over the Zelle network by Bank of America customers jumped 68% on a year-over-year basis to 13.6m, and the total payment volume jumped […]

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HSBC to let customers view accounts from multiple banks in one app https://www.nfcworld.com/2017/09/28/354872/hsbc-customers-view-accounts-from-multiple-banks-in-one-app/ Thu, 28 Sep 2017 14:08:02 +0000 http://www.nfcworld.com/?p=54872 “Customers can add accounts from up to 21 different banks, including Barclays, Lloyds and Bank of America. When a new account is added, login details for each account are tailored to that bank’s interface… The bank has spent US$2bn globally to work on its digital banking platform.”

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Bank of America rolls out cardless ATM withdrawals https://www.nfcworld.com/2017/09/07/354515/bank-america-rolls-cardless-atm-withdrawals/ https://www.nfcworld.com/2017/09/07/354515/bank-america-rolls-cardless-atm-withdrawals/#comments Thu, 07 Sep 2017 12:15:36 +0000 http://www.nfcworld.com/?p=54515 “Customers can now start an ATM withdrawal directly from their mobile banking app. Customers simply log into the app and select the desired amount to withdraw. When they arrive at the ATM, they can either use their smartphone or debit card, enter their pin, and a personalized screen will display asking the customer if they […]

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