Mobile Access, 401(k) Auto Features and Personalized Advice Make Financial Benefit Plans More Valuable and Easy to Use, Help Drive Positive Behaviors
Saving for retirement and health care expenses was a priority for
employees of all ages during the first half of 2014, according to the
latest Bank of America Merrill Lynch 401(k)
Wellness Scorecard. This semiannual report reveals trends in the
behaviors of financial benefit plan participants, along with employers’
adoption of 401(k) design features in plans serviced by Bank of America
Merrill Lynch.1 Key insights from the new report includemore...
New Study Offers Insights Into the Giving Motivations, Priorities and Strategies of Wealthy Americans
Among wealthy households, the average amount given to charity last year
increased 28 percent, according to the 2014
U.S. Trust® Study of High Net Worth Philanthropy. Through
an ongoing partnership with the Indiana University Lilly Family School
of Philanthropy, the fifth in this series of biennial studies reveals a
strong commitment to charitable causes among high net worth households.
This positive trend is seen in several findings, includingmore...
New Service From Apple Provides Simple, Secure Payment Method
Bank of America today began offering its customers and merchants access
Pay, a new mobile payments service that provides an easy and secure
way to pay.
Enhanced security is at the core of Apple Pay. When customers add a
credit or debit card to Apple Pay, the actual card number is not stored
on Apple servers, and only the last four digits of the actual card
number is stored on the device. Instead, a unique virtual cardmore...