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.

(source: about.bankofamerica.com)

Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
Citi Mobile Takes No. 1 in PYMNTS Provider Ranking of Credit Card Apps
November 20, 2023  |  Credit Cards

Citi Mobile made moves in this edition of PYMNTS’ Provider Ranking of Credit Card Apps. Venmo, which was previously No. 1, fell to make room...

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Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
Report: FDIC Will Bill Big Banks to Replenish Insurance Fund
November 16, 2023  |  Banking

America’s banking giants are reportedly on the hook for replenishing the government deposit insurance fund. The Federal Deposit Insurance Corp. (FDIC) is going to approve...

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Bank of America Debuts Digital Car Buying/Financing Tools
Bank of America Debuts Digital Car Buying/Financing Tools
November 15, 2023  |  eCommerce

Bank of America has debuted tools to help customers complete and finance online car purchases. Clients can now become prequalified for auto financing to find out...

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Zelle Network Banks Begin Reimbursing Imposter Scam Victims
Zelle Network Banks Begin Reimbursing Imposter Scam Victims
November 13, 2023  |  Banking

Banks that use payment app Zelle have reportedly started refunding customers victimized in imposter scams. According to a Monday (Nov. 13) report by Reuters, Zelle operator Early Warning...

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Diversifying Supply Chains Drives Demand for B2B Payments Choice
Diversifying Supply Chains Drives Demand for B2B Payments Choice
November 13, 2023  |  B2B Payments

In this environment of “higher for longer” interest rates, chief financial officers recognize the need to prioritize payments innovation. As Bank of America Head of...

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Bank of America CEO Predicts Soft Landing for US Economy
Bank of America CEO Predicts Soft Landing for US Economy
November 08, 2023  |  Economy

Bank of America CEO Brian Moynihan is reportedly optimistic about the U.S. economy and the bank’s growth prospects. Speaking Wednesday (Nov. 8) at the Reuters NEXT conference, Moynihan said he...

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The Clearing House Says Processing Error Impacted Less Than 1% of Daily ACH 
The Clearing House Says Processing Error Impacted Less Than 1% of Daily ACH 
November 03, 2023  |  Banking

The Clearing House has reportedly said that it is not aware of any ongoing issues after a narrow processing error that affected deposits and transfers at...

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Businesses Want Cheaper Payments and Faster Receivables, Says Bank of America
Businesses Want Cheaper Payments and Faster Receivables, Says Bank of America
November 01, 2023  |  Digital Payments

The only constant is change, and the only necessity is adapting to it. This adage is particularly true within the global digital payment collection and...

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Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
Earnings Season Shows Card Delinquencies ‘Normalizing,’ but What Comes Next?
October 27, 2023  |  Earnings

In the parlance of these times, and as earnings season commentary has pointed out, time and again: Consumer credit is normalizing. The question remains, however,...

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