Bank of America Introduces Fingerprint and Touch ID Sign-in for Its Mobile Banking App
Launch of Apple Watch App, Streamlined ‘Accounts Overview’ Page and Additional Security Enhancements Highlight Latest Updates for Mobile and Online Banking Users
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 customers.
“We continue to deliver enhancements that provide our customers a more seamless and secure banking experience,” said Michelle Moore, head of digital banking at Bank of America. “This is another example of how we are helping our mobile and online banking users simplify their financial lives.”
Fingerprint and Touch ID sign-in:
The new fingerprint and Touch ID sign-in capabilities provide eligible Android, iPhone and iPad customers with a secure and convenient way to log into the mobile banking app using their fingerprint. This feature allows access to the most common functionality of the app without the additional need for a passcode. As part of the bank’s ongoing commitment to staying ahead of advancements in mobile device authentication, the technology supporting fingerprint sign-in was built according to FIDO (Fast IDentity Online) standards.
Mobile banking app compatible with Apple Watch:
The mobile banking app is now compatible with Apple Watch, allowing users to view account balances and recent transactions for their linked checking, savings, and credit card accounts, as well as receive real-time alerts and notifications on their wrist. The functionality requires enrollment with Bank of America’s mobile banking app and is compatible with iPhone 5 devices or later, operating on iOS 8.2.
Mobile banking app and online banking design updates:
The mobile banking app home page and online banking “Accounts Overview” page have been redesigned to give users a more personalized, seamless experience. Mobile banking app users will benefit from new quick link tiles, providing faster access to popular features, including mobile check deposit, appointment scheduling and new account opening. The update also includes the addition of the What’s New section, further educating customers on the functionalities available to them.
For online banking customers, the home page redesign makes it easier to review account information at a glance, including a personalized greeting and new Quick View function that displays the last five transactions and a link to the most recent statement. A newly created Activity Center provides users easy access to popular features, including the ability to view and pay eBills, transfer money between accounts and review special offers and deals without leaving the page.
New Security Center:
The launch of a new Security Center offers mobile and online banking customers more tools to securely manage their finances, including additional options for signing into and monitoring activity on their accounts. Customers can now manage their digital banking security settings in one place, and can opt into an extra security feature at sign-in that helps verify the customer’s identity with a one-time authorization code sent via text or email each time they sign in.
Bank by Appointment enhancements:
The Bank by Appointment feature has been updated to allow mobile and online banking customers to schedule same-day financial center appointments with specialists for everyday banking, investment, retirement, home loan and small business needs. For mobile users, the enhancement also includes a streamlined customer experience and an Add to Calendar option, which populates the appointment to the personal calendar on the device. Bank of America customers currently schedule more than 15,000 appointments per week via this feature.
Speak with a Specialist updates:
For mobile banking customers, the existing Speak with a Specialist feature is enhanced to present customers with a list of topics to choose from, including bill pay inquiries, fee-related questions and report suspicious activity. This new functionality will provide users more streamlined and quicker access to the proper associate to address their needs and can be accessed from several mobile banking pages. This feature is currently enabled for Preferred customers, and will be rolled out more broadly over the next month.
To learn more about these new offerings and Bank of America’s digital banking solutions, visit bankofamerica.com.
Bank of America’s focus on mobile banking
Bank of America is continuously focused on providing customers ease and convenience in mobile banking. Bank of America’s mobile banking platform remains a key source of increased customer engagement and satisfaction with more than 18 million active users, growing at a rate of approximately 5,000 users per day. During the second quarter of 2015, mobile banking customers logged into their accounts more than 620 million times, or almost 35 times per user. During that same period, customers made nearly 900,000 mobile bill payments and money transfers each day. Customers also used their mobile devices to deposit more than 215,000 checks via mobile check deposit every day, and logged in 32,000 times to schedule appointments with a personal banker or financial center specialist.
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail financial centers, approximately 16,000 ATMs, and award-winning online banking with 31 million active users and more than 18 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
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Reporters May Contact:
Betty Riess, Bank of America, 1.415.913.4416