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.

Company cover image
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022  |  Banking

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest...

READ MORE >
Bank of America Expands CashPro API Services
Bank of America Expands CashPro API Services
October 11, 2022  |  Digital Banking

Bank of America (BofA) has announced an expansion of its digital banking platform CashPro’s Payment API capabilities, letting clients access hundreds of more payment types...

READ MORE >
EMEA Daily: BofA Extends ‘Pay by Bank’ to Euro Payments
EMEA Daily: BofA Extends ‘Pay by Bank’ to Euro Payments
October 10, 2022  |  emea

In today’s Europe, the Middle East and Africa (EMEA) news, Bank of America extended its “Pay by Bank” offering in Europe and Majid Al Futtaim...

READ MORE >
BofA Extends ‘Pay by Bank’ to Euro Payments
BofA Extends ‘Pay by Bank’ to Euro Payments
October 10, 2022  |  Digital-First Banking

Bank of America has made its Pay by Bank payment solution available for euro currency payments, the bank announced Monday (Oct. 10). Offered in conjunction...

READ MORE >
Bank of America Adds $100M in Low-Cost Deposits to Minority-Led Banks
Bank of America Adds $100M in Low-Cost Deposits to Minority-Led Banks
October 04, 2022  |  Investments

Bank of America is adding $100 million in low-cost deposits to minority depository institutions (MDIs), doubling its existing $100 million in deposits in MDIs. With...

READ MORE >
Capital One Continues to Lead Credit Card App Provider Rankings
Capital One Continues to Lead Credit Card App Provider Rankings
September 27, 2022  |  Credit Cards

Still: Top of the heap. A-number one. At least for this month, In the latest reading of the PYMNTS Credit Card App Provider Index, Capital...

READ MORE >
Today in B2B Payments: Firms Deploy Payment Solutions, Biometrics
Today in B2B Payments: Firms Deploy Payment Solutions, Biometrics
September 27, 2022  |  B2B Payments

Today in B2B payments, Bank of America’s CashPro App adds a way to sign in without manually entering password credentials. Plus, German venture capital firm...

READ MORE >
Bank of America’s CashPro App Adds QR Code, Biometrics to Ease Sign-In
Bank of America’s CashPro App Adds QR Code, Biometrics to Ease Sign-In
September 26, 2022  |  Digital Banking

Companies that use Bank of America’s CashPro digital banking platform for payments, cash management and trade finance operations can now sign in to the website...

READ MORE >
3 Reasons a Digital Dollar Is Still a Long Way Off
3 Reasons a Digital Dollar Is Still a Long Way Off
September 26, 2022  |  CBDC

It probably isn’t a coincidence that Bank of America’s cryptocurrency team stomped on the brakes regarding its prediction of a digital dollar as soon as...

READ MORE >