Bofa news and trends

Bank of America: Businesses Adopt APIs to Accelerate Data Reporting and Payments
API // 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, the bank has seen the number of clients using APIs for real-time treasury needs increase...

How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind
Cross-border Payments // 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...

Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride
Digital Payments // 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 has evolved into a transformative force in the payments industry, impacting cards, digital wallets and...

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

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 financial information, corporate finance departments, treasurers and CFOs expect the same ease and convenience they enjoy while managing their personal...

Interviews & Exclusives
How to Navigate Cross-Border Payments With CFOs and Treasurers in Mind

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 […]

Visa and BofA See Contactless Payments Hit Their Post-Pandemic Stride

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...

The One Thing: Integration and the Future of Financial Services

October 20, 2022
The connected economy runs on a mostly invisible ocean of technologies to deliver new experiences, and it all relies on one foundational concept: integration. That’s the opinion of Galen Robbins,...

Big Banks Find Big Optimism Amid Small Business Week — But Here’s The Catch

May 03, 2017
The Small Business Administration’s National Small Business Week is in full swing, and new data from top banks finds small business optimism is soaring. Research from U.S. Bank released this...

Quick Reads
FSB Assigns Lower Capital Requirement to Bank of America

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 […]

Bank of America: Businesses Adopt APIs to Accelerate Data Reporting and Payments

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,...

BofA Adds Transaction Search Engine to CashPro

July 11, 2024
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 financial information, corporate finance departments,...

Washington Federal Bank to Sell 2,000 Commercial Real Estate Loans to Bank of America

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...