Moynihan news and trends

BoA CEO Says Payments Tech Payoff A Ways Away

December 01, 2016
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BoA CEO Says Payments Tech Payoff A Ways Away

December 01, 2016
For banks, the payoff for payments may be a long time coming. Reuters reported that, as noted by Bank of America CEO Brian Moynihan, it will take more than a decade before banks will see the fruits of labor and capital sunk into payments technologies. The costs tied to processing paper checks and using cash […]