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458 Results from "Bank of America"

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Robot revolution poised to wipe out millions of jobs - Bank of America

Robo-advisors using algorithm-based systems to provide financial advice to consumers will consign 25 million jobs in the financial and legal sector to the scrap heap over the next two decades says Bank of America, in a report which paints a bleak future for the human workforce as new robot workers transform the global economy.

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More global banks back blockchain collaboration plan

An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.

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Samsung Pay lands in the US

Buoyed by a strong start in Korea, consumer electronics giant Samsung has launched its mobile payments service in the US, with support from the three major card schemes and banking giants Citi, Bank of America and US Bank.

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BofA files for cryptocurrency-based wire transfer system patent

Bank of America has filed a US patent application for a system and method that uses cryptocurrency technology for wire transfers.

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BofA revamps mobile app; introduces fingerprint sign-in

Bank of America has given its mobile app a refresh, enabling customers to log in with their fingerprints and access accounts via the Apple Watch.

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Samsung Pay lines up card schemes and banks for launch

Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September.

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Banks launch IM service to rival Bloomberg

A consortium of Wall Street banks has launched an instant messaging platform it hopes will loosen Bloomberg's vice-like grip on the market for real-time communication between traders.

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US bank-owned clearXchange introduces real-time payments

American bank-owned digital payments network clearXchange is rolling out a system that enables real-time bank-to-bank transfers.

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Mobile continues to dominate at top US banks

Mobile banking continues to outstrip desktop-only banking at three of the top US banks - Wells Fargo, Bank of America and JPMorgan Chase.

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US banks continue to trim branches

US banks and thrifts trimmed a net of 343 high street locations in the third quarter of 2014, continuing the trend of branch closures.

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Rotten Apple? BofA duplicates Apple Pay transactions

Early reports of a clumsy interface between thumbprint, iPhone and eftpos terminal and an unfortunate case of double-charging by Bank of America has taken the shine off what at first appeared to be a relatively trouble-free introduction of Apple's new mobile payment service.

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Apple Pay launches

Apple Pay enjoyed a relatively smooth launch in the US today, with customers of some of the country's biggest banks able to use their iPhones to make purchases at a host of bricks-and-mortar and virtual stores.