Bank of America - Announcements, Interviews & News Stories

Merchants file anti-trust lawsuit against Visa, MasterCard and major US banks

Four major merchant associations filed an antitrust, class-action lawsuit alleging that Visa, MasterCard, Bank of America, Citibank, Bank One, Chase Manhattan Bank, J.P. Morgan, Chase, Fleet Bank, Capital One, and other banks are engaging in collusive practices by setting credit card interchange fees at supracompetitive levels.

27 September 2005

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BofA extends remote deposit to Honduras; pilots image cash letter service

Bank of America Global Treasury Services (GTS) unit today announced that its global Remote Deposit Service has expanded capabilities into Honduras, the ninth country to be on-line with the service.

05 September 2005

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Bank of America appoints John Byrne anti-money laundering strategy executive

Bank of America announced today the appointment of John Byrne to the position of Anti-Money Laundering Strategy Executive in the bank's Compliance Risk Management Division.

26 August 2005

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Former Bank of America and Visa executives join LifeLock board

In a move that signals the need for a viable solution to protect against identity theft, Luke Helms, former vice chairman of Bank of America and Inder P. Singh, former executive vice president and chief global technology officer for Visa International, have joined the executive and advisory boards of LifeLock, the nation's first provider of preventative identity theft protection services.

30 June 2005

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Bank of America to acquire MBNA for $35bn

Bank of America Corporation today announced a definitive agreement to acquire MBNA Corporation. The acquisition combines the country's largest domestic bank with a leading provider of credit card and payment products, significantly enhancing Bank of America’s product mix and customer reach.

30 June 2005

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Bank of America launches image lockbox service for healthcare providers

As part of its focus on creating innovative solutions for the healthcare market, today at the Healthcare Financial Management Association's (HFMA) 2005 Annual National Institute, Bank of America announces that it has entered into an agreement with HealthLogic Systems Corporation (HLSC) to deliver a new service for healthcare providers.

28 June 2005

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US merchants file suit against Visa, Mastercard and banks over fee fixing

Robins, Kaplan, Miller & Ciresi L.L.P. has filed an antitrust class action lawsuit in the U.S. District Court for the District of Connecticut against Visa, MasterCard, Bank of America, Citibank, Bank One, Chase Manhattan Bank, JPMorgan Chase, Fleet Bank, Capital One and other major banks on behalf of merchants alleging collusive practices of their setting, by horizontal agreement, credit card interchange fees at supra-competitive levels. The Complaint seeks injunctive relief to stop the alleged anticompetitive practices plus damages.

23 June 2005

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Bank of America introduces SiteKey in Tennessee

Bank of America customers in Tennessee have a new way to help prevent fraud and identity theft with the launch of an industry-leading protection service they received this week with their Online Banking.

15 June 2005

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Bank of America deploys DealerTrack electronic contracting system

DealerTrack, Inc., which operates North America's leading online auto finance platform, today announced that Bank of America has begun implementing DealerTrack's eContracting technology.

06 April 2005

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Bank of America drops Mexico wire fees

Consumers will be able to send money to Mexico for less than ever because Bank of America (NYSE:BAC) announced today it is eliminating remittance fees and foreign exchange fees in Chicago through its SafeSend service as part of a national rollout to be completed by year-end.

27 January 2005

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Bank of America extends TSYS card processing contract for further five years

TSYS has added five years to its current agreement with Bank of America to provide exclusive processing services through 2014. The expanded relationship covers all consumer- and commercial-credit Visa and MasterCard accounts issued by Bank of America, as well as the recently acquired portfolio of FleetBoston Financial Corp.

26 January 2005

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Pitney Bowes wins $112 million BofA mailing contract

Pitney Bowes Inc. (NYSE:PBI), the leading global provider of integrated mail and document management solutions, has won a $112 million mailing services contract from Bank of America (NYSE:BAC).

19 November 2004

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