Tag: Bank of America
Yavrio connects JP Morgan, Wells Fargo and more to Open Banking
Open Banking fintech platform Yavrio has confirmed it has now connected to corporate accounts at the five largest banks in the US. Yavrio has connected...
CFPB drops Zelle fraud lawsuit amidst regulatory shutdown orders
The Consumer Finance Protection Bureau (CFPB) has dropped its lawsuit against three US banks which operate the Zelle payments platform.Launched in December, the lawsuit...
BofA CEO expects stablecoins soon as Congressmen prepare legislation
US legislators and bankers alike are getting ready for a stablecoin launch under the crypto-friendly administration of President Donald Trump.Brian Moynihan, CEO of Bank...
Bank of America’s investment in AI patents hits 94% growth
Bank of America has revealed a significant 94% increase in Artificial Intelligence (AI) and Machine Learning (ML) patents and applications since 2022.The bank claims...
Bank of America seeks to leverage FIFA World Cup marketing opportunity
Bank of America (BoA) has made a major marketing move by becoming a partner of the 2026 FIFA World Cup, scheduled to take place...
BofA launches unified app to redefine client experience
Bank of America (BofA) has received the 2024 Celent Model Bank award for customer-centred innovation after combining five apps into one.BofA recently introduced a...
Wells Fargo and Bank of America to implement Bitcoin ETFs
Two major US financial institutions, Wells Fargo and Bank of America are set to introduce Bitcoin ETFs following the surge of price of the...
Digesting the Digits – Barclays cleared in APP fraud case
Number crunching is a key component of the payment industry, with digits scattered across the sector’s key stories. Each week, Payment Expert digests these digits...
Bank of America ordered to pay $100m over anti-consumer practices
The Bank of America has been ordered by the Consumer Financial Protection Bureau (CFPB) to pay over $100m in penalties over immoral practices. This follows...
PPS – Karine Martinez: Have big banks missed the digital wallet...
Karine Martinez, Head of Sales at PPS, writes for Payment Expert examining the approach of banks when it comes to digital wallets - analysing...