27 November 2015

Latest articles for Bank of America


Robot revolution poised to wipe out millions of jobs - Bank of America

06 November 2015  |  6992 views  |  7 News

Robo-advisors using algorithm-based systems to provide financial advice to consumers will consign 25 million jobs in the financial and legal sector to the scrap heap over the next two decades says Bank of America, in a report which paints a bleak future for the human workforce as new robot workers transform the global economy.


More global banks back blockchain collaboration plan

29 September 2015  |  13879 views  |  3 News

An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.


Samsung Pay lands in the US

28 September 2015  |  8132 views  |  4 News

Buoyed by a strong start in Korea, consumer electronics giant Samsung has launched its mobile payments service in the US, with support from the three major card schemes and banking giants Citi, Bank of America and US Bank.


BofA files for cryptocurrency-based wire transfer system patent

22 September 2015  |  7293 views  |  1 News

Bank of America has filed a US patent application for a system and method that uses cryptocurrency technology for wire transfers.


BofA revamps mobile app; introduces fingerprint sign-in

16 September 2015  |  6343 views  |  0 News

Bank of America has given its mobile app a refresh, enabling customers to log in with their fingerprints and access accounts via the Apple Watch.


Samsung Pay lines up card schemes and banks for launch

13 August 2015  |  11835 views  |  1 News

Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September.


InAuth hires former BofA man as chief strategy officer

27 July 2015  |  2404 views  |  0 Company announcement

InAuth, the leading provider of mobile fraud prevention and mobile application security, today announced that it has hired information security and financial services industry veteran Michael Lynch as its first Chief Strategy Officer.


Banks launch IM service to rival Bloomberg

21 July 2015  |  5381 views  |  1 News

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.


First Data unveils Clover Mini payment terminal; BofA begins roll out

16 June 2015  |  3203 views  |  0 Company announcement

Unveiling the latest of its best-in-class business management tools for business owners, First Data, the global leader in payment technology and services solutions, today announced the launch of Clover Mini, the newest member of the Clover family of products.


US bank-owned clearXchange introduces real-time payments

15 June 2015  |  6556 views  |  2 News

American bank-owned digital payments network clearXchange is rolling out a system that enables real-time bank-to-bank transfers.

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