Latest Bank of America News: Finextra Research

Wachovia tops Web banking experience survey

Wachovia's Web banking site provides the best online experience for prospective customers according to a US study conducted by California-based Keynote Systems.

13 April 2005

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Bank of America joins Cable & Wireless RTN platform

Bank of America has signed to provide intraday nostro account information to clients via Cable & Wireless' Real Time Nostro platform.

01 April 2005

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Bank of America on ID theft alert after computer tapes go missing

Bank of America is monitoring 1.2 million government cardholder accounts for suspicious activity after computer tapes containing charge card account information were lost during shipment to a backup data centre.

28 February 2005

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Bank of America moves to two-factor authentication

Bank of America is working with digital security firm VeriSign to introduce strong two-factor authentication across its network.

17 February 2005

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Bank of America to open second offshore unit in India

Bank of America is expanding its offshore operation in India by opening a facility in Mumbai that will provide services for its corporate and investment banking division.

11 February 2005

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Bank of America faces landmark online fraud case

A Miami businessman is suing Bank of America over $90,000 he says was stolen from his online banking account by Latvian cybercriminals.

07 February 2005

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Former BofA privacy expert Benjamin Robinson forms new risk company

Benjamin Robinson, former chief privacy executive at Bank of America, is forming a new company with Don Andersen, president of Innovative Software Solutions, to help financial services firms address identity theft and comply with regulations such as the USA Patriot Act.

01 December 2004

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Bank of America selects NCR Aptra Edge to drive ATM network

Bank of America is to deploy software from NCR to manage its multivendor network of 16,000 ATMs.

20 October 2004

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Banc of America Securities backing SunGard reference data bureau

SunGard has announced a new reference data service bureau and signed Banc of America Securities as a charter member of the unit's advisory panel.

14 October 2004

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Bank of America begins roll out of Cisco VoIP telephony technology

In one of the largest VoIP implementations of its kind, Bank of America has begun deployment of Cisco Internet Protocol (IP) telephones across 180,000 desktops at its 5800 branches and office locations in the US.

29 September 2004

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Bank of America outlines Linux ambitions

Bank of America has gone public on outline plans to port its proprietary Unix systems to Linux, ignoring the enduring threat of legal action from open source litigant SCO.

25 August 2004

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EDS signs $1.1bn contract with Bank of America

EDS has signed a $1.1bn managed network services outsourcing agreement to integrate the communications infrastructure for recently acquired FleetBoston Financial into Bank of America's voice and data network.

19 July 2004

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