Join us in New York on September 29-October 1 for our next Payments Boot Camp and Advanced Payments workshop!
A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
Search Payments News
July 23, 2018
On the wires
BofA Merrill Launches Mobile App For Commercial Prepaid Card
Bank of America
“Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and to their customers or beneficiaries…The app is designed for cardholders who receive a reloadable prepaid card from an employer, government agency or entity with whom they do business.”
July 17, 2018
Top Post
BofA Trumpets Success With Erica, Zelle
Mobile Payments Today
“Bank of America has announced that Erica, its artificial intelligence-driven virtual financial assistant, now has more than 2 million users. According to a press release, this is more than double the number of customers using the technology less than a month ago. And that’s not BofA’s only recent mobile milestone: The number active users of the Zelle person-to-person payment feature in the bank’s mobile app is now approaching 4 million.”
May 18, 2018
On the wires
Bank of America Delivers First Widely Available AI–Driven Virtual Financial Assistant
“Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients. This latest innovation reflects the bank’s continued investment in digital capabilities as part of its high-tech, high-touch client experience, including the Digital Mortgage Experience, mobile car shopping tool, Merrill Edge Guided Investing, and Business Advantage.”
February 16, 2018
On the web
Amazon teams with Bank of America for lendtech leap
Banking Technology
“Amazon Lending is invitation-only and makes loans of $1,000 to $750,000, with terms of up to a year, for firms that may find it difficult getting traditional business loans. Quite a common ploy in the fintech world. In June 2017, Amazon said it issued more than $1 billion in loans during the previous 12-month period, compared to $1.5 billion in combined loans for the four years prior to that.”
Take us with you
Payments on Fire is available on Apple Podcasts, Spotify, Google, and other podcast apps and services.
Watch new video episodes on our YouTube channel.