Bank of America Merchant Services News & Media
Bank of America offers virtual account management to US companies
June 30, 2022
The Bank of America has expanded its Virtual Account Management solutions to companies in the U.S. With this service, companies can open virtual accounts to…
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Bank of America tackles financial health head on
by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
Financial health is a challenge for many people and banks have had to make adjustments in light of curtailing overdraft fees and offering other services. Bank…
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Bank of America intros Business Advantage Unlimited Cash Rewards card
October 26, 2021
Bank of America recently launched its Business Advantage Unlimited Cash Rewards card, which allows small business owners to earn 1.5% cash back on all…
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How to improve banking customer experience with right mix of digital tools, personal touch
Even with digital tools, one of the most important parts of any client experience is complementing online offerings with a personal touch. As financial…
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Bank of America acquires Axia
April 2, 2021
Bank of America has acquired Axia Technologies Inc., a health-care payment and technology company that facilitates secure patient payments, according to a…
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BoA, PNC first banks to send Zelle payments over RTP
February 25, 2021
Bank of America and PNC Bank are the first banks to send Zelle payments over the RTP network, providing consumers and businesses a digital payment experience…
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Bank of America criticized for lack of action in zero financed emissions release
February 12, 2021
Two environmental groups criticized Bank of America for being "all talk and no action" in an emissions announcement released Thursday by the company.
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Bank of America announces fourth-quarter results
January 20, 2021
Bank of America announced its fourth-quarter results, posting a 28% drop in net income to $5.5 billion in the quarter, or $0.59 per share, but beating the…
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BoA says access to Merrill Lynch accounts restored after outage
November 25, 2020
Bank of America's Merrill Lynch wealth management platform crashed Tuesday morning putting brokers and investors in a tailspin for four hours according to a…
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App benefits Bank of America's enterprise
November 5, 2020
Bank of America offers a unique and competitive feature for customers; Erica, a digital personal assistant for consumer banking clients with two main…
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BoA installs nation's first solar ATM
October 23, 2020
Bank of America has installed the nation's first solar-powered remote ATM in Woodbridge, Virginia. The drive-up ATM is located at 14527 Jefferson Davis Highway…
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Bank of America misses on third-quarter revenue
October 15, 2020
Bank of America shares fell Wednesday after the bank posted third-quarter results that missed on revenue, according to a report in CNBC.
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Bank of America to offer short-term loans for $5
October 9, 2020
Bank of America will roll out a short-term loan program for customers in need of quick cash beginning January, 2021. The program, called Balance Assist, will…
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Bank of America Mobile app gives customer $2.45 Billion
August 24, 2020
A Bank of America customer in Massachusetts checked his account to discover the bank had made a serious error and deposited $2.45 billion into his account. The…
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BOA's ATMs out of cash in Orange County
August 11, 2020
A surge in unemployed individuals using Bank of America's ATMs to withdraw unemployment payments have left several of those ATMs out of cash.
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Maui to sue Bank of America over broken promise to native Hawaiians
July 31, 2020
Maui County plans to sue Bank of America for allegedly failing to make good on a 1994 promise to make $150 million in home loans to native Hawaiians.
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Who is that masked man and has he been mandated to wear that mask?
by Pat Shea — Editor, NetworldMedia
Face masks are mandatory now at many retail stores and restaurants as a defense against contracting the coronavirus. But for banks, mandating masks can be a…
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Banks expect major losses in second quarter
July 13, 2020
America's banks are braced for poor second quarter results that are due this week, according to a CNN report.
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Coronavirus surge closes Bank of America branches
July 9, 2020
Bank of America has temporarily closed some branches in California and Florida due to a resurgence of the coronavirus in those states.
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BOA CEO: 'US economy starting to recover'
May 29, 2020
Bank of America CEO Brian Moynihan told CNBC’s Squawk Box co-host Becky Quick Thursday that the economy is beginning to recover from the coronavirus pandemic.
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