Latest Bank of America News: Finextra Research

Banks warned of fraud risks in mobile remote deposits

US financial institutions have been warned of the potential for rising fraud rates from the expansion of remote deposit capture technology to the retail and unbanked sector.

22 November 2011

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BofA ditches debit card fee plan

Bank of America has become the latest US financial institution to cancel plans to introduce monthly fees for debit card users.

01 November 2011

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WikiLeaks ceases publishing to fight 'financial blockade' as funds dwindle

Whistleblowing Web site WikiLeaks has suspended publication to concentrate on fighting the 'financial blockade' imposed by Visa, MasterCard, PayPal and others.

24 October 2011

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Durbin lashes out at Wells Fargo debit fee plans

The architect of US interchange reforms, US Senator Dick Durbin, has demanded that Wells Fargo explains the need for the imposition of monthly charges on customers to use debit cards, just days after the bank posted a 21% rise in third quarter profits.

21 October 2011

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US banks sued over ATM fees

A New Jersey man has sued Bank of America, JPMorgan Chase and Wells Fargo, claiming that they collude to fix the fees charged to withdraw money at ATMs.

20 October 2011

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Bank of America comes clean on Web site problems; Citi apologises for payments processing failures

Bank of America blames a combination of heavy site traffic and an ongoing systems upgrade on the slow response times and intermittent outages that have bedevilled the bank's Website over the past week.

06 October 2011

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BofA plans $5 monthly charge for debit card users

Bank of America is to start charging debit card users $5 a month as it seeks to claw back money it will lose from a change in interchange rules.

30 September 2011

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BofA sells Canadian credit card business to TD Bank

Bank of America (BofA) has agreed to sell its Canadian credit card business to TD Bank and will also exit its card operations in the UK and Ireland.

15 August 2011

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BofA taps Microsoft Tag to push app

Bank of America is using Microsoft Tag barcodes in online advertisements to promote its new Windows 7 application.

04 August 2011

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Want an NFC iPhone? Just stick a bank card in it

An iPhone 4 owner who couldn't wait for Apple to add NFC functionality to its handsets has taken matters into her own hands, sticking a contactless bank card inside her phone.

01 August 2011

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WikiLeaks hacktivists take down MasterCard

Hacktivisits crashed the Website of international card scheme MasterCard for two hours Monday, in protest at the continuing blockade of funds for whistle-blowing outfit WikiLeaks.

28 June 2011

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BofA worker arrested over customer data theft

A former Bank of America worker accused of stealing customer data and selling it on to crooks may have cost the firm at least $10 million.

27 May 2011

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