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Online Banking and Technology

11/13/17 8:30 am EST

Merrill Edge today announced the launch of a new stock research experience designed to help the self-directed investor make more informed investing decisions about thousands of U.S. equities. Based on two years of behavioral research, design and technical development, the enhanced capability offers the research and insights that investors may need when choosing stocks. The easy-to-use interface brings together stock research, market data and analysis from multiple leading industry providers. more...

10/23/17 10:00 am EDT

Bank of America announced today it would begin implementing Intel®Online Connect technology into its online banking platform, giving customers added security when they bank online. The two companies will jointly preview the technology at this week’s Money20/20 conference in Las Vegas.

Bank of America plans to incorporate the security feature into its online banking authentication process in 2018, and will be the first financial services company to offer the technology to customers. more...

9/6/17 9:01 am EDT

BAC - Mobile DashboardBank of America today announced a series of updates to its award-winning mobile app to further customize the user experience and continue its investment in innovation that improves the financial lives of its customers.

“With 23 million mobile customers and growing, improving the customer experience is always a top priority,” said Michelle Moore, head of digital banking at Bank of America. “By taking a customer-first approach to innovation, we continuously raise the bar to deliver new, more...

8/30/17 9:30 am EDT

Kiplinger’s Personal Finance publication awarded Merrill Edge a No. 1 ranking in its 2017 Best Online Brokers list in a tie with Fidelity. This accolade highlights Merrill Edge’s commitment to supporting and empowering clients throughout their financial lives by delivering extraordinary service and care.

In the ranking, Merrill Edge earned 4.5 stars out of 5 overall. It received 5 out of 5 stars for its tools and research; 4.5 out of 5 for its mobile platform; and 4 out of 5 stars for more...

8/17/17 9:00 am EDT

Digital natives’ obsession with technology is set to change the world as we know it. A new survey released today finds they are so concerned with their digital footprint, the majority (54 percent) of millennials and Generation Z (ages 13-17) are Googling themselves regularly, with 10 percent self-searching on a daily basis.

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7/26/17 4:15 pm EDT

Bank of America [NYSE: BAC] and PayPal [NASDAQ: PYPL] today announced a strategic partnership that will soon enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal.

The agreement will take effect immediately, with new experiences available to Bank of America customers in the first half of 2018 that will make it even easier for them to shop how, where and when they more...

5/31/17 9:00 am EDT

Younger Americans across the country are saving long-term for financial freedom, while Dallas/Fort Worth residents and older Americans alike are saving for retirement. Sixty-three percent of millennials nationally are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers (55 percent) and North Texas residents specifically (52 percent) are saving to leave the workforce. Compared to other surveyed markets, North Texas is the more...

5/31/17 9:00 am EDT

While millennials across America now strive for a new milestone of financial freedom, Los Angeles and Orange County residents are on the fence about their long-term intentions. Half of Southland residents are saving to achieve financial freedom, the amount of money needed to live their desired lifestyle, and half are saving for retirement, the amount of money needed to leave the workforce. On a national level, 63 percent of millennials are saving for financial freedom, while Gen Xers and baby more...

5/31/17 9:00 am EDT

Phoenix residents are mirroring millennials across the country as they start to plan long-term for financial freedom instead of retirement. Fifty-seven percent of Phoenix residents and 63 percent of millennials in the United States are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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5/30/17 9:00 am EDT

Bank of America has launched new capabilities for mobile clients to complete the auto financing process with the company. Clients can now search for a car from participating dealerships – all on their mobile device or computer and before ever visiting a dealership. The program will begin with a pilot period in the Carolinas and expand across the country in a phased rollout that will continue throughout the year.

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5/24/17 9:03 am EDT

Chicagoans and older Americans across the country are saving for retirement, while younger Americans across the country are saving long-term for financial freedom. Sixty-three percent of millennials nationwide are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Chicagoans (52 percent) and older Americans, including Gen Xers and baby boomers (55 percent), are saving to leave the workforce.

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5/24/17 9:00 am EDT

Atlanta residents are mirroring millennials across the country as they start to plan long-term for financial freedom instead of retirement. Fifty-seven percent of Atlanta residents and 63 percent of millennials in the United States are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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5/24/17 9:00 am EDT

South Floridians may be ahead of the curve, following the national shift of millennials planning for financial freedom over retirement. Fifty-three percent of South Floridians and 63 percent of millennials nationally are looking to achieve the amount of money or savings needed to live their desired lifestyle, while Gen Xers and baby boomers in the United States (55 percent) are saving to leave the workforce.

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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...