BANK OF AMERICA

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Online Banking and Technology

5/22/17 9:30 am EDT

As customers look for more ways to view their full financial picture in one place, Bank of America is making updates to its Security Center and working with multiple financial data aggregators to provide customers the ability to simply and securely connect data from their Bank of America accounts to third-party financial management applications. Customers will also soon be able to see exactly which data aggregator services they’ve allowed to access their information. 

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5/19/17 9:00 am EDT

Millennials are charting unexplored territory as the first generation to plan for financial freedom instead of retirement, according to the latest Merrill Edge® Report. Sixty-three percent of millennials are looking to achieve the amount of savings or income necessary to live their desired lifestyle, which drastically differs from most (55 percent) Gen Xers and baby boomers who are saving to leave the workforce. more...

5/11/17 9:00 am EDT

It appears Americans have run out of excuses for not paying their friends back in a timely manner, whether it’s for a $5 latte or $2,500 vacation. A new survey released today finds 36 percent of adults currently use a person-to-person payments service (P2P), with millennials leading the charge at nearly double that rate (62 percent). What’s more, 45 percent of non-users say they plan to start using the service within the next year, foreshadowing more...

3/9/17 9:00 am EST

Merrill Edge today announced a comprehensive redesign of its award-winning mobile app that lets investors personalize their mobile experience to help make informed investment and planning decisions from iPhone or Android devices. As more clients live their lives on the go, they can now use new planning tools, track account activity, monitor markets, place trades and interact with portfolio data through an intuitive experience on the Merrill Edge mobile app. more...

3/1/17 9:00 am EST

Merrill Lynch Wealth Management today announced major enhancements to its mobile apps and other technologies in recognition of the growing use of mobile, social and web technologies in their clients’ personal and professional lives. The new capabilities include the ability to initiate wire transfers from mobile devices, and enhancements to existing features of its client website, MyMerrill.com™, including e-signature and My Financial Picture. Merrill Lynch reports a 25 percent increase in more...

2/22/17 9:30 am EST

Bank of America today introduced industry-leading person-to-person technology to its award-winning mobile platform, as part of its broader strategy to propel the industry into the next generation of digital banking services.

“As one of the first banks to offer mobile banking a decade ago, we’re excited to usher in a new era of high-tech, high-touch banking,” said Michelle Moore, head of Digital Banking at Bank of America. “In 2017, you’ll see a strong focus on payments and intelligent solutions more...

2/8/17 9:00 am EST

Merrill Edge announced today the nationwide public launch of its online advisory platform, Merrill Edge Guided Investing, the latest addition to its continuum of investment offerings — and an intuitive new online investing service that combines expert insight with the convenience and flexibility of online management.

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12/13/16 9:00 am EST

Bank of America today unveiled a series of updates to its award-winning mobile platform, including a financial wellness tool, to further personalize the customer experience.

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10/11/16 9:00 am EDT

Hispanic consumers are significantly more likely to engage with mobile to manage their finances, with 78 percent using a mobile banking app, compared to approximately half (51 percent) of non-Hispanics. What’s more, nearly three-quarters (69 percent) of the Hispanic community cite digital as their primary method of banking.

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9/8/16 1:41 pm EDT

Bank of America has announced the launch of its new Real Estate Center, a comprehensive online education center for homebuyers and sellers that provides simple ways to transition from homebuying preparation to home shopping and purchasing.

“The Bank of America Real Estate Center is built to be intuitive, putting critical information at both prospective buyers’ and existing homeowners’ fingertips and helping them stay connected with experts every step of the way,” said D. Steve Boland, Bank of more...

7/21/16 9:00 am EDT

Bank of America today announced a comprehensive redesign of its award-winning mobile app that includes easier navigation and the ability to set the language to Spanish, in addition to other features that make it easier for customers to control their finances from the palm of their hand.

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6/21/16 6:00 am EDT

It appears the majority of Americans need a dose of reality when it comes to their own smartphone behaviors. A new survey released today finds less than one in five (17 percent) adults believe they are on their mobile phone too much, while more than half (56 percent) believe other people are guilty of overuse. What’s more, just 10 percent consider themselves “tuned out to the world” while on their device, and 55 percent believe they mind their more...

5/18/16 5:00 pm EDT

At the Google IO conference in Mountain View today, Michelle Moore, head of Digital Banking at Bank of America, was on stage with Pali Bhat, senior director of Android Pay to demonstrate that the Bank of America cardless ATM technology now supports Android Pay. The bank also announced plans to expand cardless technology to 5,000 ATMs by year-end starting this month with a rollout to 2,400 ATMs across the country, including the majority of ATMs in the San Francisco Bay and Silicon Valley areas. more...

4/12/16 2:24 pm EDT

Bank of America today announced it is working with Facebook Messenger to deliver capabilities to help clients stay connected to their finances whenever and wherever they choose. The announcement is being made in conjunction with the Messenger Platform launch at Facebook’s F8 developer conference.

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3/9/16 8:01 am EST

Early Warning, the industry leader in real-time payments, authentication and risk mitigation, today announced that Bank of America is live and actively processing real-time person-to-person (P2P) transactions through Early Warning’s clearXchange™ network. Bank of America is one of the first banks to go live along with U.S. Bank.

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9/15/15 9:00 am EDT

Bank of America today announced a series of improvements to mobile and online banking to better meet customers’ changing needs and make it easier for users to manage their finances digitally. The new updates include the introduction of fingerprint and Touch ID sign-in, in addition to the launch of an Apple Watch mobile banking app, streamlined “Accounts Overview” page and new Security Center for more than 31 million active digital banking more...

11/24/14 10:00 am EST

Bank of America extends ATM with Teller Assist® across the Houston metro area, growing to 25 banking centers and more than 75 devices by year-end. ATMs with Teller Assist combine the technology of an ATM with the ability to get personal assistance from an on-screen teller through video technology. Today, Major League Baseball All-Star and Houston Astros second baseman Jose Altuve will demonstrate the technology, speed and convenience of more...

10/28/13 10:15 am EDT

A team of students from Georgia Institute of Technology (GIT) has been named the winner of Bank of America’s 2013 Campus Challenge. The Campus Challenge is an annual event hosted by Bank of America that offers college students from participating universities the opportunity to compete for cash prizes, while developing innovative technology solutions relevant to the bank’s customers and clients. This year’s winning idea from GIT enables banks to offer customers rewards for managing their more...

10/1/13 9:30 am EDT

Bank of America today announced the opening of a new generation of banking centers that provides customers with another convenient banking option.

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8/20/13 10:05 am EDT

Bank of America today announced that it has surpassed 1 million small business mobile users. Mobile Banking provides small business owners the convenience and flexibility of managing their finances while on the go.

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4/4/13 9:30 am EDT

Bank of America today announced the launch of its newest banking innovation, ATM with Teller Assist. This next-generation banking offering combines the technology and convenience of an ATM with the human touch of a teller.

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3/19/13 9:00 am EDT

As part of its long-standing commitment to customers with visual impairments, Bank of America announced today that it is enhancing the accessibility of its award-winning Online and Mobile Banking security features.

Bank of America’s security features allow customers to safely access their accounts from home computers and mobile devices. The accessibility enhancements announced today will apply to both Online and Mobile Banking on more...

2/5/13 9:35 am EST

Bank of America Merrill Lynch Global Transaction Services (GTS) today announced the launch of the CashPro Accelerate® reporting solution across Asia Pacific. CashPro Accelerate is now available to treasury management clients in 12 markets in Asia Pacific – Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.

Combining Microsoft® Excel with XML technology, CashPro Accelerate empowers clients in Asia Pacific to accurately and more...