For most of its history, payments data has been primarily paper-based. This relegated B2B payments data to mere record-keeping minutiae and made the task of unlocking it a highly manual, administrative burden. But with the news Thursday (Oct. 31) that Melio raised $150 million in a...
Payment gateways might be thought of as the workhorses of fund flows, whether it’s for B2B or consumer-facing transactions. It’s the technology that gets payment data moving. But with the emergence of new technologies — particularly APIs and payments automation — gateways can be used...
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has...
Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact remains that the era of low interest rates is, arguably, over. One mainstay? Volatility will be a hallmark of interest...
October 30, 2024
Despite the interest rate cuts by the Federal Reserve — 0.5% for the first go-round in September, with more cuts widely expected — the fact remains that the era of low interest rates is, arguably, over. One mainstay? Volatility will be a hallmark of interest rates in the weeks, months and years to come. Adrienne […]
October 15, 2024
Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct. 15), but digital transformation and...
October 15, 2024
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 world shrinks and global markets...
September 26, 2024
Global trade, at its heart, is about receivables. One company owes another for the goods or services it has purchased. While that may sound simple enough, businesses engaged in international...
October 30, 2024
Bank of America may ask a court to resolve the Consumer Financial Protection Bureau’s (CFPB) investigation of the bank’s processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has been responding to the CFPB’s inquiry. “The CFPB staff has […]
October 22, 2024
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. Over the last 12 months,...
October 21, 2024
Bank of America now allows companies to lock in foreign exchange (FX) rates for up to one year. The Guaranteed FX Rates offering simplifies the management of FX risk associated...
October 14, 2024
Bank of America has merged its FinTech and technology investment banking teams. The 50 bankers in its FinTech team will join the 200 in its tech group, reflecting the growing...
