With the emergence of cloud computing, 5G and advanced technologies, merchants can take advantage of enterprise-grade solutions designed to run their operations more efficiently. The lines between providers of those solutions are blurring. “You’re seeing software vendors becoming payment processors,” and vice versa, as Bank...
Consumers are still spending, Bank of America’s earnings showed Tuesday (April 15), despite the volatility of what CEO Brian Moynihan termed a “changing economy.” The supplementals revealed that credit and debit spend was up 4%, while the number of transactions gained 2%, to $228...
Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives including AI, according to a Tuesday (April 8) news release. The investment comes as the financial services giant sees the fruits...
Bank of America’s Corporate Sentiment Score reportedly reached its highest level since the bank began recording it in 2004. Based on an analysis of the number of positive words and negative words used in earnings calls, the bank’s Predictive Analysis team found that 52% of companies...
October 15, 2024
Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the world shrinks and global markets open up, the hurdles for CFOs and treasurers are growing, with solving for cross-border payments becoming a financial frontier that’s impossible to ignore. “If you […]
September 10, 2024
Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a public health measure in mid-2020...
October 20, 2022
The connected economy runs on a mostly invisible ocean of technologies to deliver new experiences, and it all relies on one foundational concept: integration. That’s the opinion of Galen Robbins,...
May 03, 2017
The Small Business Administration’s National Small Business Week is in full swing, and new data from top banks finds small business optimism is soaring. Research from U.S. Bank released this...
May 11, 2025
New research from Bank of America (BofA) shows consumer spending slowing for all income levels. That data, released by the Bank of America Institute on Friday (May 9), shows that consumer spending on inessentials has been declining since the year began. “The gradual easing in consumer spending momentum is not just due to lower inflation — […]
February 10, 2025
Bank of America’s Corporate Sentiment Score reportedly reached its highest level since the bank began recording it in 2004. Based on an analysis of the number of positive words and negative...
November 26, 2024
Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement than they did before, the Financial...
October 22, 2024
A growing number of business clients and network participants are using Bank of America application programming interfaces (APIs) to enable payment transactions and other capabilities. Over the last 12 months,...
