26
Sep
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Bank Of America Spurns NFC For Image-Based Mobile Payment System, Now In Testing

Posted by in News

While Google and the ISIS consortium duke it out over the future of Near Field Communication and the payment systems that use it, one of the largest financial institutions in the US had decided to ignore it. Reuters reports that Bank Of America is testing a new system that will only require retailers to display a single image. Ideally this would negate the need for new hardware for both sellers and buyers - all that's required is an Android or iOS device with a camera and a mobile connection.

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The trial program will last three months, with startup Paydiant overseeing five retailers in the Charlotte, North Carolina area.

16
Aug
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Bank Of America App Updated With Mobile Check Deposit And Universal Transfers

Posted by in Applications, News
Last Updated: August 23rd, 2012

My fellow Bank of America customers, lend me your ears! No longer do you need to sit in embarrassed silence as Chase Bank and PayPal users show off the ability to deposit checks magically through their smartphones. Now you too can revel in the futuristic technology of 2011, having waited only a year for the largest banking institution in the country to update its Android app in line with non government-subsidized competitors. Truly, this is a great day for every BofA customer!

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Sarcasm aside, mobile check depositing is the one thing that users of Bank of America's mobile app have been craving more than any other.

06
Mar
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Bank of America Becomes The First Major Bank To Release A Tablet-Optimized App, Makes Balancing The Checkbook A Little More Tolerable

Posted by in Applications, News

If you own an Android 3.0+ tablet, then you're probably always on the lookout for tablet-optimized apps. If you also happen to be a Bank of America customer, then here's a new app that you'll probably want to hit the "install" button on right away: the official Bank of America for Tablet app.

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Not only does the app take advantage of the larger display of a tablet, but it also allows you to pay your bills and transfer funds, check your account balances, and find ATM and bank locations using GPS, all in a tidy and secure package. At a glance the interface seems to be nice and intuitive, as it offers a useful overview of where your finances are at any given time, as well as a look at your scheduled transactions.