You've been redirected from MobilePaymentsToday.com to PaymentsDive.com. In March 2021, Mobile Payments Today became a part of Payments Dive. For the latest payments news, sign up for the daily newsletter.

BofA revamps mobile banking app

Updates include the introduction of fingerprint and Touch ID sign-in, the launch of an Apple Watch mobile banking app, a streamlined 'accounts overview' page, and a new security center.

Bank of America Monday announced a series of improvements to its mobile and online banking that are intended to better meet customers' changing needs and make it easier for users to manage their finances digitally, according to a press release. The updates include the introduction of fingerprint and Touch ID sign-in, the launch of an Apple Watch mobile banking app, a streamlined "accounts overview" page, and a new security center for more than 31 million active digital banking customers.

"We continue to deliver enhancements that provide our customers a more seamless and secure banking experience," said Michelle Moore, head of digital banking at Bank of America. "This is another example of how we are helping our mobile and online banking users simplify their financial lives."

The new fingerprint and Touch ID sign-in capabilities are available for customers with elegible Android, iPhone and iPad devices. The technology supporting fingerprint sign-in was built according to FIDO (Fast IDentity Online) standards.

The mobile banking app is also now compatible with Apple Watch, enabling users to view account balances and recent transactions for their linked checking, savings, credit card and investment accounts, as well as receive real-time alerts and notifications on their wrist. The functionality requires enrollment with the Bank of America mobile banking app and is compatible with iPhone 5 devices or later, operating on iOS 8.2.

The mobile banking app home page and online banking "accounts overview" page have been redesigned to give users an easier and more personalized experience, according to the announcement.

The launch of a new security center offers mobile and online banking customers more tools to securely manage their finances, including additional options for account sign-in and activity monitoring.