The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo.
Google has teamed up with several banks - including BofA - to let customers add cards to Android Pay from within their apps.
Bank of America is pumping $1.5 million into a fintech initiative in the firm's hometown of Charlotte, North Carolina.
Bank of America has become the first member of the US bank-backed Zelle network to roll out its P2P payments functionality.
Aditya Bhasin, Consumer and Wealth Management CIO, Bank of America, outlines where banking should focus, and how fintechs and banks can practically work alongside each other.
Bank of America is adding a spending and budgeting tool to its mobile and online platforms, helping customers to track and control their money.
Bank of America today celebrated the grand opening of its newly renovated Stanford financial center located at 3000 El Camino Real.
Bank of America chief Brian Moynihan says the arrival of real-time payments combined with advances by cherry-picking fintech startups threatens to derail long-held assumptions about bank ROI levels from technology spending.
Bank of America has unveiled Erica, an AI chatbot that will be available to answer queries and help the bank's million of mobile app users make smarter spending and saving decisions.
Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), an industry leader in digital payments innovation, today announced a strategic relationship that will give the bank access to Modo’s patented COIN Operated Digital Payments Hub.
© Finextra Research 2017