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Bank of America hails Zelle impact

Bank of America (BoA) processed 23 million transactions through Zelle’s person-to-person (P2P) mobile payment service …

US banking giants throw down P2P challenge

A consortium of US banks launched person-to-person (P2P) payment platform Zelle, a move they said …

MacroSolve targets AOL and BOA in app infringement suit

Mobile technology company MacroSolve filed patent suits against AOL and Bank of America, alleging the …

RIM teams with US bank on NFC payments

Bank of America (BoA), the leading US retail bank, has reportedly started inviting select customers to trial its new NFC-based ‘Mobile Wallet’ using BlackBerry smartphones. The development is further evidence of rising momentum behind the use of the NFC standard for contactless mobile payments in the US and elsewhere.

Weaknesses identified in ebanking apps

Computer security firm viaForensics identified security flaws in mobile banking apps from companies including Wells Fargo, Bank of America and USAA.

Report: Visa partners with Mastercard for NYC contactless commerce trial

Reuters said that credit card company Visa is joining a contactless commerce pilot initiated by rival MasterCard, which enables customers to buy New York subway tickets by waving compatible cards or smartphones over a reader at the entry turnstile.