Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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What Early Warning’s Paze Has in Common With Amazon’s Fire Phone
What Early Warning’s Paze Has in Common With Amazon’s Fire Phone
September 25, 2023  |  Mobile Wallets

In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic...

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Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
Venmo Retains Dominance in PYMNTS’ Provider Ranking of Credit Card Apps
September 21, 2023  |  Credit Cards

PYMNTS’ Provider Ranking of Credit Card Apps tracks the ever-changing landscape of credit card mobile applications each month. In the latest edition, ties from last...

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Prescription Drug Discount Cards Pose Challenges for Retail Pharmacies
Prescription Drug Discount Cards Pose Challenges for Retail Pharmacies
September 19, 2023  |  Healthcare

The rising use of prescription drug discount cards is reportedly leading to significant implications for pharmacy chains. These discount cards, such as those offered by GoodRx,...

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Cross-Border Payments Innovation Key to SMB Growth
Cross-Border Payments Innovation Key to SMB Growth
September 19, 2023  |  Cross-border Payments

Industries are defined by what customers do, not what companies produce. And if something doesn’t scale up across a global audience, then it isn’t worth much.  That’s...

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Finance Teams Embrace Innovation as FIs Tap AI Assistants to Boost Efficiency
Finance Teams Embrace Innovation as FIs Tap AI Assistants to Boost Efficiency
September 18, 2023  |  artificial intelligence

As the finance industry becomes increasingly digital, financial institutions (FIs) are recognizing the potential of artificial intelligence (AI) assistants to automate tasks, improve customer experiences,...

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Bank of America Debuts Tool to Digitize Trade Finance
Bank of America Debuts Tool to Digitize Trade Finance
September 18, 2023  |  Accounts Receivable

Bank of America has unveiled a platform to help business clients digitize trade finance. The company’s CashPro Supply Chain Solutions tool is designed to offer supply chain...

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Bank of America Gives CashPro Chatbot an AI Upgrade
Bank of America Gives CashPro Chatbot an AI Upgrade
September 18, 2023  |  artificial intelligence

Bank of America is giving its virtual service adviser CashPro Chat an AI-centered upgrade. The banking giant announced Monday (Sept. 18) that its business clients will...

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Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
September 17, 2023  |  Consumer Finance

American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15)...

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BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
BofA Reports Rise in Credit Card Charge-Off and Delinquency Rates
September 15, 2023  |  Banking

Bank of America is seeing more of its customers falling behind on their credit card payments.  Both the net charge-off rate and the delinquency rate of...

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