PYMNTS-MonitorEdge-May-2024

BofA

Bank of America: Businesses Adopt APIs to Accelerate Data Reporting and Payments
Bank of America: Businesses Adopt APIs to Accelerate Data Reporting and Payments
October 22, 2024  |  API

A growing number of business clients and network participants are using Bank of America application programming interfaces (APIs) to enable payment transactions and other capabilities....

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How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
October 15, 2024  |  Cross-border Payments

Cross-border payments are the lifeblood of international business — but for finance teams, they often come with a side of risk and complexity. As the...

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Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride
Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride
September 10, 2024  |  Digital Payments

Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a...

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BofA Adds Transaction Search Engine to CashPro
BofA Adds Transaction Search Engine to CashPro
July 11, 2024  |  B2B Payments

Bank of America has added a transaction search engine to its CashPro banking platform. “When it comes to finding, analyzing and acting on their company’s...

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Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America
May 17, 2024  |  Banking

Washington Federal Bank, a wholly owned subsidiary of WaFd, has disclosed its agreement to sell some commercial multi-family real estate loans to Bank of America for about...

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Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

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Bank of America Consolidates Banking, Investing, Retiring Into One App
Bank of America Consolidates Banking, Investing, Retiring Into One App
March 21, 2024  |  Digital Banking

Bank of America has launched a “massive update” to its mobile banking app, combining banking, investing and retiring into one unified app.  This new, unified digital...

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Bank of America Says Zelle Transactions Climb 27% Year Over Year
Bank of America Says Zelle Transactions Climb 27% Year Over Year
October 17, 2023  |  Banking

Bank of America’s earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials...

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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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