Bank of America is the First Major U.S. Bank to Issue Chip on Consumer and Small Business Debit Cards
Bank of America today announced that beginning this week it will include
chip technology on all new and reissued consumer and small business
debit cards. Bank of America already includes chips on the majority of
its credit card programs and is the first major U.S. bank to add the
chip technology to debit cards.
Cards with chip technology, which are also referred to as EMV (Europay,
MasterCard, Visa) cards, are embedded with amore...
Speakers Aim to Increase Awareness of Investor Demand for Innovative Solutions to Societal Issues
Bank of America executives will share insights on the latest social
impact investing trends this fall through participation in several
industry conferences. The events share a common goal of increasing
awareness of the growing demand for and industry focus on environmental,
social and governance (ESG) investing through an exchange of ideas,
innovative approaches and best practices. Leaders from the company’s
Global Wealth and Investmentmore...
New Offering Allows Companies to Make Payments to Their Customers Without Checks by Using Either a Mobile Phone Number or Email Address as the Identifier
Bank of America Merrill Lynch today announced the launch of Digital
Disbursements, a new payment solution that enables companies to make
payments to their customers digitally, eliminating the need to issue a
check. The payments are directly routed to the bank account of the
individual payee’s choosing using either a mobile phone number or email
address as the identifier. The solution leverages the technology behind
person-to-person payments, amore...