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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Are Brick-and-Mortar Bank Branches Cool Again?
Are Brick-and-Mortar Bank Branches Cool Again?
March 20, 2024  |  Banking

Digital banking is all the rage, right? Who can resist the convenience of using a bank app to balance accounts while waiting for the barista...

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4 Questions for CFOs About AP and AR Automation
4 Questions for CFOs About AP and AR Automation
March 14, 2024  |  B2B Payments

We are nearly a quarter of the way through the 21st century. But many firms are still carrying around legacy payment systems and suffering from...

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Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
Banks Say Better to Be Proactive Than Reactive When Making Payments Real Time
March 07, 2024  |  Faster Payments

Faster payments solve many traditional pain points endemic to legacy payment methods. But although several hundred financial institutions (FIs) have signed on to the two...

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Cash-Back Deals Could Drive Consumer Adoption of Pay by Bank
Cash-Back Deals Could Drive Consumer Adoption of Pay by Bank
February 26, 2024  |  Digital Payments

Amid consumer hesitation to adopt account-to-account (A2A) payments, cash-back incentives could go a long way toward driving use. By the Numbers The PYMNTS Intelligence study...

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Bank of America: ‘Network Effect’ Will Help B2B Payments Move to Cards
Bank of America: ‘Network Effect’ Will Help B2B Payments Move to Cards
February 21, 2024  |  B2B Payments

Andrew Stewart, director of global card and comprehensive payables at Bank of America, said there has been a seismic shift in commercial (B2B) payments. He...

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Bank of America and Starbucks Partner on Rewards Program
Bank of America and Starbucks Partner on Rewards Program
February 15, 2024  |  Loyalty & Rewards

Customers of Bank of America and Starbucks can now earn more benefits by linking those accounts. A new partnership between the two companies allows Bank of America cardholders and Starbucks...

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Spending on Sporting Goods Drops, Both Online and In-Store
Spending on Sporting Goods Drops, Both Online and In-Store
February 12, 2024  |  Retail

Consumers reported spent 7.7% less on sporting goods in January than they did in the same month a year earlier. Online spending at sporting goods...

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Bank of America Reports Digital Banking Alerts, Logins Rise 11%
Bank of America Reports Digital Banking Alerts, Logins Rise 11%
February 12, 2024  |  Digital-First Banking

Bank of America clients had a record 23.4 billion digital interactions with the bank in 2023. Those interactions include logging into their accounts 12.8 billion times...

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Big Banks See Overdraft Fee Revenues Fall 25%
Big Banks See Overdraft Fee Revenues Fall 25%
February 11, 2024  |  Banking

America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those...

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