Latest Bank of America News: Finextra Research

Top US banks explore Web services for cash management

Bank of America, JPMorgan Chase and Wachovia are participating in a Financial Services Technology Consortium (FSTC) project to explore the application of Web services technology for corporate cash management.

21 May 2003

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Bank of America and BBVA targets for bogus bank fraud

Bank of America and Spain's Banco Bilbao Vizcaya Argentaria (BBVA) are the latest banks to fall victim to bogus Web fraud.

14 May 2003

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Bank One estimates Visa settlement costs at $60 million

Bank One says it expects Visa's $2 billion debit card settlement with US retailers will cost the bank some $60 million in pre-tax revenues.

12 May 2003

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Bank revenues may rise as a result of debit card settlement says Dove

Far from being a force for revenue decline in the card industry, the Visa/MasterCard lawsuit and the elimination of the 'honour all cards' rule presents an opportunity for savvy issuers to recoup losses by encouraging the use of debit cards for recurring bill payments and online transactions, says Dove Consulting.

07 May 2003

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Bank of America teams with Fidelity for mortgage outsourcing service

Bank of America and Fidelity National Financial have formed a joint venture to create a business process outsourcing (BPO) service for mortgage lenders and other mortgage market participants in the US.

24 April 2003

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Bank of America secures pride of place on Yahoo! en Espanol

Bank of America has teamed with Yahoo! en Espanol to create a Spanish-language financial Website, offering information on bank accounts, mortgages and investment products and financial tools.

08 April 2003

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Brief: EFunds hires Bank of America's David McCrary as VP, ATM solutions sales

US payments vendor eFunds Corporation has appointed David McCrary as vice president, national sales, ATM solutions.

02 April 2003

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Statistics prove consumer comfort with online banking - Bank of America

Bank of America - which has reported rapid recent uptake in online banking - believes that consumers are becoming more comfortable with conducting their financial affairs over the Internet.

26 March 2003

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