Almost one in two US smartphone users admit they wouldn't last a day without their mobile, and many consider their devices more important than daily staples such as coffee and television, according to a new report by Bank of America.
Bank of America is to expand its use of videoconferencing to 500 branches across the US, enabling customers to remotely interact with small business bankers, mortgage specialists and financial advisors.
Today we're fining Bank of America, N.A. and FIA Card Services, N.A. for unfairly billing consumers for services relating to identity theft protection "add-on" products and for using deceptive marketing and sales practices for credit protection "add-on" products.
The FIDO (Fast IDentity Online) Alliance, an industry consortium revolutionizing online authentication with the standards for strong authentication, today announced that Bank of America, has joined the FIDO Alliance and been appointed to the Board of Directors.
Capital One has taken a stake in ClearXchange, the US bank-backed clearing house for person-to-person online payments transfer via mobile or e-mail.
Bank of America says its branch banking network could drop below 5000 next year as mobile channels continue to take market share.
Bank of America is trying to lift their online banking service to a new level. This bank provides a Free Kindle Tablet Edition App on amazon.com, which will help customers securely bank on their schedule with Bank of America Mobile Banking.
Bank of America offered up the services of its "social media trolling" team to US police last year, boasting that it could help gather intelligence on anarchists and Occupy Wall Street activists ahead of a planned demonstration.
A Bank of America employee has started an online petition asking the bank to stop the roll-out of video teller ATMs, saying the machines will replace well-paid branch staff with lower-wage call centre operatives.
Bill.com, a bill payment, invoicing and cash flow management specialist, has closed a $38 million funding round led by Scale Venture Partners and joined by industry giants including BofA and American Express.
© Finextra Research 2014