Bank of America Merchant Services has become the latest in a long line to launch a clone of Square's app and dongle-based system for turning smartphones into card readers.
Union Bank, N.A. today announced that Dana Edwards has joined the bank as executive vice president and Chief Technology Officer and Meera Rao has joined the bank as senior vice president, Chief Enterprise Architect.
American banks are ditching planned BlackBerry apps as the Canadian brand's market share tumbles in the face of Apple's iPhone and Google's Android, according to Keynote Systems.
Bank of America is working with Boston-based start up Paydiant to test the company's white-labelled mobile payments service in its home town of Charlotte, North Carolina.
Wells Fargo has become the latest US bank to see its Web site under cyber-siege, with the group claiming responsibility promising further attacks.
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.
© Finextra Research 2014