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160 Results from /payments, "Bank of America"

/payments

Smarter, faster, still relevant: Experts weigh future of US payment systems

Nacha’s Smarter Faster Payments conference in New Orleans highlighted the growing momentum behind real-time payments, emphasising their transformative potential across commercial and technological verticals. Yet, amid this digital shift, sessions also acknowledged the enduring relevance of traditional rails like wire transfers, ACH, and even cheques - each facing its own modernisation challenges.

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BNY sends largest instant payment in US history

BNY has used The Clearing House's RTP Network to send the largest instant payment in US history, transferring $10 million to Bank of America on behalf of a client.

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CFPB sues JPMorgan, BofA and Wells Fargo over Zelle fraud

The Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo, accusing them of allowing fraud to "fester" on P2P payments platform Zelle.

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BofA launches account to help parents teach kids money lessons

Bank of America has launched an account designed to help parents teach their children how to manage money.

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Big US banks prep mobile wallet to take on Apple

America's biggest banks are teaming up to take on Apple and PayPal with a digital wallet linked to customers' debit and credit cards, according to the Wall Street Journal.

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BofA granted hundreds of patents

Bank of America scored a record 341 US patents in the first half of 2022, a 50% year-on-year increase, with information security and AI seeing the most action.

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Bank of America to switch all cards to recycled plastic; Citi starts corporate card conversion

Bank of America is to convert all of its credit and debit cards to 80% recycled plastic starting in 2023.

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Zelle's bank owners split on competing with cards at the checkout - WSJ

Some of the banks behind Zelle want to take the American P2P payments service to the checkout, taking on Visa and Mastercard, according to the Wall Street Journal.

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BofA launches Account Validation service

Bank of America has rolled out a fraud prevention service for corporate and public sector clients making payments in the US.

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Bank of America launches Recipient Select for B2C payouts

Bank of America is rolling out a new business-to-consumer payments portal that enables recipients of payouts to select their preferred method of payment.

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Bank of America granted record number of patents

Bank of America is boasting a record 227 US patents granted in the first half of the year, with AI and machine learning the area seeing the most action.

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Nubank pumps funds into Mexican unit

Brazilian digital banking powerhouse Nubank is pumping $70 million into its Mexican subsidiary and has secured another $65 million in revolving credit lines for the business from Bank of America, Goldman Sachs and JPMorgan Chase.