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Bank of America is laying off hundreds of workers from a unit that services troubled mortgages.
June 24 -
Parascript has built its check recognition engine technology into its form processing software, thus offering financial institutions one program with which they can process information from checks and remittances, along with forms, mortgage applications and other documents.
June 21 -
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.
June 18
Bank of America (BAC) is offering software to help small business clients manage their cash.
The nation's second-largest bank said Wednesday that its Merrill Lynch unit has released Cash Management Essentials, a subscription-based software service that helps small companies manage accounts, process payments and receivables, and protect their accounts against fraud. The system also includes image lockbox and ACH transfer services.
"Our small business clients and those with less complex treasury needs tell us they need the same treasury tools used by larger companies with low, simple pricing and a fast, easy and user-friendly on-boarding experience," Galen Robbins, head of global transaction services for B of A's global commercial business group, said in a press release.
The software allows users to add services as their business needs evolve.
