#1
May 17th, 2016, 08:05 AM
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Square Bank of America
In which year Bank of America had Introduces Square-Like Mobile Payment Service, do you have any idea about it ??
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#2
May 17th, 2016, 08:06 AM
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Re: Square Bank of America
As you asking I am telling Bank of America had Introduces Square-Like Mobile Payment Service in 2012 , its called Mobile Pay on Demand, a new service that lets merchants accept credit card payments with a mobile device. In this service by using a mobile payment app along with a small card reader that plugs into the headphone jack of an iPhone, iPad, or Android phone, users can process Visa, MasterCard, Discover, and American Express payments directly through their device. Funds are then transferred into a Bank of America business checking account as soon as the next business day. There is a 2.7 percent fee per swiped transaction, and a 3.5 percent fee for keyed-in transactions. Bank profile : Type Public Traded as NYSE: BAC S&P 500 Component Industry Banking, Financial services Predecessor Bank America NationsBank Founded October 17, 1904; 111 years ago (as Bank of Italy) February 1930; 86 years ago (as Bank of America) 1998; 18 years ago (current) Founder Amadeo Giannini Headquarters Charlotte, North Carolina, United States Area served Worldwide Key people Brian T. Moynihan Chairman & CEO Products Consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, wealth management, credit cards, Revenue US$82.50 billion (2015) Operating income US$21.89 billion (2015) Net income US$15.89 billion (2015) Total assets US$2.14 trillion (2015) Total equity US$256.2 billion (2015) Number of employees 220,000 (2015) Divisions Bank of America Home Loans, Bank of America Merrill Lynch |
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