Latest Bank of America News: Finextra Research

Bank of America rolls out EBPP

Bank of America has launched an electronic banking and bill payment service in selected Midwest markets.

14 November 2000

IBM and US banks form cheque imaging venture

Bank of America and Chase Manhattan are teaming up with IBM to launch a new company designed to jump-start the US banking industry's conversion to cheque imaging.

02 November 2000

/retail

Bank of America restores ATM services following court ruling

Bank of America is to restore ATM service to non-account holders in Santa Monica following suspension of a City Council measure prohibiting banks from levying charges for cash machine useage.

30 October 2000

/retail

Bank of America to test Internet ATMs

Bank of America is rolling out 22 Web-enabled ATMs in a bid to test customer reaction to the use of Internet technology on the high street. Customers will be able to use the machines to view copies of cancelled cheques, buy or trade stocks or even transfer messages to and from the bank.

18 September 2000

/retail

Bank of America to issue stored value teen card

Bank of America has begun marketing the Visa Buxx card, a prepaid stored value card for teens. The card gives parents the ability to monitor real-time transactions and to educate their teenagers about finances.

15 September 2000

/security

Bank of America to build Identrus-enabled CLS solution

Bank of America and Fundtech are collaborating to provide secure access for Internet transactions into the new Continuous Linked Settlement (CLS) Bank. Bank of America will Identrus-enable Fundtech's PAYplus CLSsolution, a browser-based service that allows companies to manage the settlement of their foreign exchange (FX) trades through CLS.

13 September 2000

/retail

Bank of America introduces mobile banking service

Bank of America has begun the roll-out of a wireless banking and brokerage service to private banking customers in the US.

01 September 2000

/wholesale

Bank of America signs with Bolero.net

Bank of America is to join the Bolero.net international electronic trade initiative.

30 August 2000

/retail

Bank of America takes action to reduce e-business security threat

Bank of America is to use a customised risk management service from Ernst & Young to monitor and reduce its vulnerability to e-business security threats.

15 August 2000

/retail

Brief: Bank of America licenses ACI smart card suite

Bank of America is to license ACI's Monad card management system to build the necessary infrastructure to manage multi-application smart cards.

14 July 2000

/regulation

Bank of America to build global FX datawarehouse

Bank of America has licensed the Sierra System from FNX for its global foreign exchange (FX) sales and trading operation.

11 July 2000

/payments

Bank of America launches public sector e-procurement service

Bank of America and NIC Commerce have established a new company that will offer US state and local government agencies online procurement, purchasing, payment and reconciliation services. The venture, called Banc of America Purchase Street, is being billed as the first Web-based solution to integrate various shopping and payment functions for the public sector.

07 July 2000

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