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 open up, the hurdles for CFOs and treasurers are growing, with solving for cross-border 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 public health measure in mid-2020 has evolved into a transformative force in the payments industry, impacting cards, digital wallets and...
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 $2.9 billion. WaFd said in a Friday (May 17) filing with the Securities and Exchange Commission (SEC) that the deal involves 2,000 commercial multi-family...
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 billion digital logins; digital sales represented 50% of total sales, the company noted in its earnings supplementals on Tuesday (April...
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 open up, the hurdles for CFOs and treasurers are growing, with solving for cross-border payments becoming a financial frontier that’s impossible to ignore. “If you […]
September 10, 2024
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 public health measure in mid-2020...
April 27, 2021
On the surface, it appeared as a typical acquisition. A bank, Bank Of America, acquires a healthcare payments platform, Axia Technologies, to strengthen its patient/provider payments capabilities. Under the surface,...
February 13, 2017
Valentine’s Day is tomorrow, meaning the prepared have already made their dinner reservations and the unprepared will be making a rather frantic stop at a jewelry store and florist at...
November 26, 2024
Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement than they did before, the Financial Stability Board (FSB) said Tuesday (Nov. 26). Groupe Crédit Agricole moved from bucket 1 to bucket 2, corresponding to a higher capital requirement, while Bank of […]
May 17, 2024
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 $2.9 billion. WaFd said in...
March 21, 2024
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 platform consolidates into one mobile...
August 22, 2023
Bank of America (BoA) has announced an expansion to its Customized Cash Rewards credit card, providing cardholders with more benefits and opportunities to earn cash back across several categories. One...
