Bank of America

Bank of America, we have a clear purpose to help make financial lives better through the power of every connection. We fulfill this purpose through our commitment to responsible growth, which includes a focus on environmental, social and governance (ESG) leadership. Integrated across our eight lines of business — our ESG focus reflects our values, ensures we are holding ourselves accountable, presents tremendous business opportunity, and allows us to create shared success with our clients and communities.

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Citigroup Layoffs Focus on Support, Technology Staff
Citigroup Layoffs Focus on Support, Technology Staff
September 15, 2023  |  Banking

Citigroup has reportedly begun the layoff process after announcing a management overhaul on Wednesday (Sept. 13). Support staff in compliance and risk management at the bank...

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BofA Expands SafeBalance as Consumers Struggle With Overdrafts
BofA Expands SafeBalance as Consumers Struggle With Overdrafts
September 13, 2023  |  Banking

Bank of America is expanding the requirements of its SafeBalance checking account plan. The account, introduced in 2014, lets customers manage their finances with no overdraft...

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Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
Grace Periods, Proactive Approaches Help Consumers With Overdrafts and Account Management
September 08, 2023  |  Banking

The data show that 20% of individuals have overdrawn their accounts in the past year as they grapple with the demands of inflation, of timing...

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Large National Banks Hold the Advantage When Main Street SMBs Shop for Credit
Large National Banks Hold the Advantage When Main Street SMBs Shop for Credit
September 08, 2023  |  SMBs

Access to business financing is crucial for Main Street small and medium-sized businesses (SMBs). But while a significant share of these small businesses across all...

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Jump in Contactless Payments Opens Door for Digital Wallets
Jump in Contactless Payments Opens Door for Digital Wallets
August 30, 2023  |  Digital Payments

John (JP) Park, senior product manager of go to market strategy at Bank of America Merchant Services, told PYMNTS in an interview that the rise of...

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Bank of America Launches Disbursements and ‘Request for Pay’ Solution in Canada
Bank of America Launches Disbursements and ‘Request for Pay’ Solution in Canada
August 29, 2023  |  Disbursements

Bank of America has launched its Global Digital Disbursements solution in Canada. This solution aims to support business-to-consumer (B2C) payments and consumer-to-business (C2B) request for payments, providing a...

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Bank of America Expands Cashback Offerings on Customized Cash Rewards Card
Bank of America Expands Cashback Offerings on Customized Cash Rewards Card
August 22, 2023  |  Credit Cards

Bank of America (BoA) has announced an expansion to its Customized Cash Rewards credit card, providing cardholders with more benefits and opportunities to earn cash...

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Bank of America Says the Future of Cross-Border Payments Is Transcontinental Transparency
Bank of America Says the Future of Cross-Border Payments Is Transcontinental Transparency
August 07, 2023  |  Cross-border Payments

The promise of technical innovations to transform legacy workflows is an easy one to understand. But implementing it successfully across entrenched workflows and processes is...

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Top CFOs Take Positive Macro View While Doubling Down Digital
Top CFOs Take Positive Macro View While Doubling Down Digital
August 03, 2023  |  CFO

Where a firm spends its money tends to be highly correlated to its business strategy. That makes the chief financial officer (CFO) role crucial for...

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