Completion of Rollout Gives Bank of America Customers Ability to Manage
Their Finances 'On the Go' Through Cell Phones and Smartphones
CHARLOTTE, N.C., May 22 /PRNewswire/ -- Bank of America, the nation's
leader in online banking, today completed the rollout of its secure Mobile
Banking service -- enabling more than 20 million Online Banking customers
to manage their personal finances 'on the go.' Consumers across the country
now can use their cell phones and smartphones to check account balances,
pay bills and transfer money.
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"Mobile banking extends the convenience and control of online banking
to anywhere our customers are," said Sanjay Gupta, e-Commerce executive for
Bank of America. "If you own a cell phone with mobile Internet access, you
are connected to your finances anytime, anywhere. We're pleased to continue
to set the standard for introducing industry-leading financial tools for
customers."
Bank of America began rolling out Mobile Banking service to consumers
in March and now is providing the service to more than 20 million online
customers across the country. Using the Web browser built into most current
cell phones or smartphones, consumers can:
-- Check balances on their checking, savings and credit card accounts, as
well as mortgages and home equity lines held with Bank of America.
-- Pay their bills and e-bills.
-- Transfer money between accounts and to other Bank of America customers.
-- View transactions for checking and savings accounts, mortgages and home
equity lines, including posted and pending transactions.
"We've created a pocket-sized bank that can be taken anywhere," Gupta
added. "Now consumers can check their balances while shopping or pay their
bills while commuting to work."
Mobile banking from Bank of America is secure. Customers are protected
with the bank's SiteKey (R) security service, as well as its Zero Liability
Online Banking Guarantee. To help protect customer information, the bank
has developed a unique end-to-end security feature that ensures information
remains encrypted when sent between the mobile phone and the bank.
Bank of America is the first bank to provide its mobile banking service
to more than 20 million online customers across the country through a wide
range of carriers and devices. The Web-based service is accessible via most
major carriers that have mobile Internet access and requires no downloading
of software. More than 85 percent of the 200 million mobile phone
subscribers in the U.S. currently have the capability to access mobile
Internet through their cell phones. Customers will also be able to use a
wide variety of mobile phones and devices, including Motorola, Samsung,
Nokia and LG handsets or popular smartphones, such as Palm Treo(TM), RIM
Blackberry(R) or Motorola Q(TM).
To access Mobile Banking, customers simply go to the Web browser on
their mobile phone and enter http://www.bofa.mobi. Once on the site, customers
enter their Online Banking ID and passcode to access their accounts.
Bank of America is an industry leader in introducing innovative online
services, including free online bill pay service, SiteKey(TM) and Business
24/7(TM).
Bank of America customers have been able to access directions to ATMs
and banking centers from their mobile phone browser since last year. In
addition, Bank of America provides a full range of e-alerts -- which help
customers detect possible fraud and keep track of their accounts -- via
e-mail or as a text message on their mobile phone.
About Online Banking
Bank of America is a leading provider of online financial services, and
its online site, http://www.bankofamerica.com, has received widespread
recognition. Bank of America has the most online bankers in the world,
according to Financial Insights. The site is among the top 50 of all
U.S.-based Internet properties in terms of unique visitors monthly, and No.
1 among business and finance sites, according to comScore Media Metrix.
Bank of America has ranked No.1 in Javelin Strategy & Research's safety
scorecard three years in a row. BusinessWeek called the SiteKey(TM)
security service one of the best products of 2005. Bank of America won the
Webby Award and Webby People's Choice Award in 2006 in the online
banking/bill pay category. Global Finance magazine named bankofamerica.com
the best consumer online banking site in the U.S. and ranked the bank No. 1
for its online investment management services, bill payment and
presentment, information security initiatives and integrated consumer bank
site. In 2006, Nielsen/NetRatings said Bank of America is the top online
full- service bank destination in terms of audience, page views and active
reach on the site.
About Bank of America
Bank of America is one of the world's largest 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 more than 56
million consumer and small business relationships with more than 5,700
retail banking offices, more than 17,000 ATMs and award-winning online
banking with nearly 22 million active users. Bank of America is the No. 1
overall Small Business Administration (SBA) lender in the United States and
the No. 1 SBA lender to minority-owned small businesses. The company serves
clients in 175 countries and has relationships with 98 percent of the U.S.
Fortune 500 companies and 80 percent of the Fortune Global 500. Bank of
America Corporation stock (NYSE: BAC) is listed on the New York Stock
Exchange.
http://www.bankofamerica.com
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