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
B2B Payments Need Tech and TLC to Reach Consumerized Potential
B2B Payments Need Tech and TLC to Reach Consumerized Potential
June 15, 2022  |  B2B Payments

It’s time for the consumerization of B2B payments. A quartet of payments professionals told PYMNTS in an On the Agenda (OTA) discussion that commercial payments...

READ MORE >
Bank of America Brings Virtual Account Management to US
Bank of America Brings Virtual Account Management to US
June 14, 2022  |  Banking

Following launches in the Netherlands, Ireland and the U.K., Bank of America is bringing its virtual account management (VAM) tool to the U.S. As the...

READ MORE >
BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
BoA CFO: Consumers Are Spending ‘Robustly,’ Credit in ‘Great Shape’
June 13, 2022  |  Economy

Bank of America Chief Financial Officer Alastair Borthwick said customers continue to borrow money and to spend, Bloomberg reported, citing his remarks at a Morgan...

READ MORE >
BoA Customers Spending 10% More In 2022, CEO Moynihan Says
BoA Customers Spending 10% More In 2022, CEO Moynihan Says
May 24, 2022  |  Economy

U.S. consumers are likely in fine shape and are likely to keep spending for now, according to Bank of America CEO Brian Moynihan, CNBC wrote...

READ MORE >
Today in B2B: Apis Invests in DT One; Adflex Adds Click to Pay in Mastercard Collaboration Expansion
Today in B2B: Apis Invests in DT One; Adflex Adds Click to Pay in Mastercard...
May 18, 2022  |  B2B Payments

Today in B2B payments, Apis invests in DT One, while Adflex expands its partnership with Mastercard. Plus, Quark.ai debuts an autonomous B2B eCommerce support platform,...

READ MORE >
Buried B2B Payments Shortcuts Often Hiding in Plain Sight
Buried B2B Payments Shortcuts Often Hiding in Plain Sight
May 18, 2022  |  B2B Payments

Data can help B2B payments more fully enter the digital age. Jennifer Petty, managing director, treasury product at Bank of America, told PYMNTS in an...

READ MORE >
Sen. Warren Calls on Big Banks to End Overdraft Fees
Sen. Warren Calls on Big Banks to End Overdraft Fees
May 04, 2022  |  Banking

U.S. Sen. Elizabeth Warren, the Massachusetts Democrat and former presidential candidate, has started pushing for an end to overdraft fees, Bloomberg reported Wednesday (May 4)....

READ MORE >
CFPB: BoA Must Pay $10M for Illegal Garnishments
CFPB: BoA Must Pay $10M for Illegal Garnishments
May 04, 2022  |  Regulation

The Consumer Financial Protection Bureau (CFPB) on Wednesday (May 4) ordered Bank of America to pay $10 million for processing illegal, out-of-state garnishment orders against...

READ MORE >
Credit Card Apps Monthly Ranking Sees 2 Contenders Make Double-Digit Improvements
Credit Card Apps Monthly Ranking Sees 2 Contenders Make Double-Digit Improvements
April 28, 2022  |  Mobile Applications

It’s like a credit score for those who look at customers’ credit scores. It’s the PYMNTS Provider Ranking of Credit Card Apps and it’s released...

READ MORE >