Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4 billion digital logins; digital sales represented 50% of total sales, the company noted in its earnings supplementals on Tuesday (April...
Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile app what had been five different apps: Bank of America, Merrill Edge, My Merrill, Bank...
Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials released Tuesday (Oct. 17), the bank said that digital adoption, overall, has touched 74% of the bank’s consumers, representing 46...
Bank of America is seeing more of its customers falling behind on their credit card payments. Both the net charge-off rate and the delinquency rate of the bank’s BA Master Credit Card Trust II increased in August, though they remain below where they were in the...
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, managing director and head of global merchant acquiring sales at Bank of America. Speaking with PYMNTS’ Karen Webster for the “One Thing” series, Robbins covered […]
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 17, 2024
Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family real estate loans with a current aggregate unpaid principal balance […]
March 21, 2024
Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app. This new, unified digital platform consolidates into one mobile...
September 15, 2023
Bank of America is seeing more of its customers falling behind on their credit card payments. Both the net charge-off rate and the delinquency rate of the bank’s BA Master Credit...
July 20, 2023
Anyone expecting a dramatic restoration of Europe’s IPO market might have to wait. That’s according to bankers at Bank of America (BofA), who told Bloomberg News in an interview Thursday (July 20) that it...
