Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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CFPB: BoA Must Pay $10M for Illegal Garnishments
CFPB: BoA Must Pay $10M for Illegal Garnishments
May 04, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against...

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Credit Card Apps Monthly Ranking Sees 2 Contenders Make Double-Digit Improvements
Credit Card Apps Monthly Ranking Sees 2 Contenders Make Double-Digit Improvements
April 28, 2022  |  Mobile Applications

It’s like a credit score for those who look at customers’ credit scores. It’s the PYMNTS Provider Ranking of Credit Card Apps and it’s released...

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This Week In Payments: Netflix and BofA Face Vastly Different Customer Shifts
This Week In Payments: Netflix and BofA Face Vastly Different Customer Shifts
April 22, 2022  |  Payments Innovation

With earnings reports and new surveys from PYMNTS, this week saw lots of numbers in the news. They showed that there’s room for growth in...

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BofA Digital Biz Hits 53% as Customers Use Zelle More Than Checks
BofA Digital Biz Hits 53% as Customers Use Zelle More Than Checks
April 18, 2022  |  Earnings

Before too long, we might be calling Bank of America a digital bank. Get the Full Story Complete the form to unlock this article and...

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Bank of America Profits Drop Less Than Expected
Bank of America Profits Drop Less Than Expected
April 18, 2022  |  Earnings

Bank of America’s first-quarter profit fell less than anticipated, with a drop in international deal-making offset by robust consumer lending. Get the Full Story Complete...

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No Card? No Problem! New Tech Drives Higher Authorizations for Card-Not-Present Customers
No Card? No Problem! New Tech Drives Higher Authorizations for Card-Not-Present Customers
April 13, 2022  |  Payment Methods

On the face of it, the continued movement to card-not-present transactions is a positive for commerce. Consumers can buy the goods and services they need,...

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Bank of America: Reflections From a Payments Product Designer
Bank of America: Reflections From a Payments Product Designer
April 11, 2022  |  Opinion

Payments innovation is getting a lot of attention, says Derrick Walton, Bank of America head of emerging payments in global transaction services. Read his thoughts...

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Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
Banks Consider Adding Zelle to Retail Payments as Alternative to Mastercard, Visa
April 06, 2022  |  Consumer Payments

Zelle might be seeing more action from banks in the future, with some of them wanting to add the money-transfer service to the checkout at...

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Early Warning Services, Big Banks Launch ID Service Authentify
Early Warning Services, Big Banks Launch ID Service Authentify
April 05, 2022  |  Identity

Early Warning Services LLC has teamed up with seven of America’s biggest banks to launch Authentify, an identity verification service for businesses and consumers. Get...

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