Iran was behind last week's attacks on the Web sites of Bank of America and JP Morgan Chase, targeting the pair in retaliation for Western economic sanctions, according to US media reports.
Ratings agency Fitch is forecasting a decline in US bank branch networks amid ongoing increases in technology use and changing customer behaviors.
Financial institutions in the US are on high alert after JPMorgan Chase became the second big bank to experience outages on its Web site. The downtime at Chase follows an apparent Distributed Denial of Service attack that disrupted the online presence of Bank of America earlier in the week.
Bank of America today announced national availability of its online and mobile cash back deals program, BankAmeriDealsTM.
First Data Corporation, a global leader in electronic commerce and payment processing, today announced that Bank of America Merchant Services will offer the First Data OfferWise solution to all eligible merchants' 650,000 U.S. locations through 2Go Media's iDeals Marketing Platform.
Bank of America today launched new mobile banking products and service enhancements including Mobile Check Deposit, Person-to-Person Email and Mobile Transfers and Mobile App Alerts.
Bank of America has begun rolling out EMV chip credit cards to consumers, citing the increased acceptance and security offered by the technology for international travellers.
TSYS today announced that it has finalized a master services agreement, with a minimum six year term, with Bank of America to provide processing services for its consumer credit card portfolios in the U.S.
US regulators have published details of banks' plans for living wills, including information on how the organisations' IT systems will cope if they are shut down or broken up.
A Detroit man who took advantage of a Bank of America glitch to withdraw $1.5 million he didn't have from ATMs and gamble it away in casinos is facing a jail term.
© Finextra Research 2014