QR Sign-In Kicks Off Next Stage of Investment
for Identity and Authentication Technology
NEW
YORK, Sept. 26, 2022 /PRNewswire/ -- Bank of
America today announced the launch of QR sign-in for CashPro, a
development that makes it easier for companies to access their
payments, cash management and trade finance operations. The bank's
500,000 CashPro users now have the option to sign into the website
using their mobile device by scanning a QR code and their
biometrics via the CashPro App, replacing the need to manually
enter password credentials.
"QR sign-in is a technology that's familiar to our clients from
their personal lives, and now they can use it to seamlessly access
CashPro," said Tom Durkin, global
product head for CashPro Platform in Global Transaction Services
(GTS). "The technology kicks off a schedule of enhancements we plan
to introduce to CashPro over the next 18 months that will further
improve the simplicity and security of our award-winning
platform."
Mobile authentication is a natural extension of the ubiquitous
worldwide adoption of mobile devices and the increasing comfort
clients have in using them for business purposes. QR sign-in is
powered by patented technology that allows a mobile device to be
used as a method for computer authentication. It is the first of a
series of enhancements for CashPro aimed at reducing the reliance
on traditional forms of user credentials and making the user
experience simpler and more secure.
Bank of America listens carefully to its client users through
the CashPro Client Advisory Boards that represent companies of
varying size and complexity as the bank designs and implements new
security and innovation features. "The CashPro Advisory Boards
generate invaluable dialogue that help ensure the enhancements we
make to the platform fuel our clients' own growth objectives," said
Ken Ullmann, co-head of GTS for
Global Commercial Banking at Bank of America. "QR sign-in is the
latest example of the collaboration achieved through the Advisory
Boards."
Bank of America has been named the World's Best Bank for
Payments and Treasury by Euromoney magazine for the past two
years. Additionally, CashPro and the CashPro App consistently
receive third party recognition such as:
- Celent Model Bank 2022 Award for Corporate Digital Banking,
Celent
- Best Mobile Cash Management Software, Best Treasury and Cash
Management Providers 2022: Systems and Services, Global Finance
magazine
- Best Mobile Technology Solution, Technology & Innovation
Awards 2021, Treasury Management International (TMI)
- CashPro Forecasting named Best Cash Management Project for
2022, The Asian Banker
Bank of America
Bank of America is one of the world's leading financial
institutions, serving individual consumers, small and middle-market
businesses and large corporations with a full range of banking,
investing, asset management and other financial and risk management
products and services. The company provides unmatched convenience
in the United States, serving
approximately 67 million consumer and small business clients with
approximately 4,000 retail financial centers, approximately 16,000
ATMs and award-winning digital banking with approximately 55
million verified digital users. Bank of America is a global leader
in wealth management, corporate and investment banking and trading
across a broad range of asset classes, serving corporations,
governments, institutions and individuals around the world. Bank of
America offers industry-leading support to approximately 3 million
small business households through a suite of innovative,
easy-to-use online products and services. The company serves
clients through operations across the
United States, its territories and approximately 35
countries. Bank of America Corporation stock (NYSE: BAC) is listed
on the New York Stock Exchange.
"Bank of America" is the marketing name used by certain Global
Banking and Global Markets businesses of Bank of America
Corporation. Lending, other commercial banking activities, and
trading in certain financial instruments are performed globally by
banking affiliates of Bank of America Corporation, including Bank
of America, N.A., Member FDIC. © 2022 Bank of America Corporation.
All rights reserved.
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of
America newsroom and register for news email alerts.
Reporters May Contact:
Louise
Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com
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SOURCE Bank of America Corporation