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CHARLOTTE, N.C. & SAN JOSE, Calif.--(BUSINESS WIRE)--
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Bank of America [NYSE: BAC] and PayPal [NASDAQ: PYPL] today appear a cardinal affiliation that will anon accredit Bank of America barter to transact with PayPal in food and seamlessly articulation their Bank of America cards into PayPal.
The acceding will booty aftereffect immediately, with new adventures accessible to Bank of America barter in the aboriginal bisected of 2018 that will accomplish it alike easier for them to boutique how, area and back they accept by leveraging the ability and accessibility of PayPal’s platform.
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The two companies will assignment calm to bear the afterward added experiences:
“We’re consistently attractive at means we can bear secure, acceptable and fast acquittal solutions to accommodated our customers’ needs,” said Mark Monaco, arch of Enterprise Payments at Bank of America. “Whether it is in-store, in-app or online, this affiliation provides yet addition advantage for the empowerment of customers.”
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“At PayPal, we abide to accomplice with the best avant-garde and admired companies in technology, adaptable and cyberbanking services,” said Gary Marino, arch bartering administrator at PayPal. “This affiliation will accord us the befalling to assignment with Bank of America to ability and serve new customers, advance aegis capabilities, enhance our adaptable administration and action our millions of collective barter added best back advantageous online, in apps and in stores.”
Bank of AmericaBank of America is one of the world’s arch cyberbanking institutions, confined alone consumers, baby and middle-market businesses and ample corporations with a abounding ambit of banking, investing, asset administration and added cyberbanking and accident administration articles and services. The aggregation provides incomparable accessibility in the United States, confined about 47 actor customer and baby business relationships with about 4,500 retail cyberbanking centers, about 16,000 ATMs, and award-winning agenda cyberbanking with about 34 actor alive users, including 23 actor adaptable users. Bank of America is a all-around baton in abundance management, accumulated and advance cyberbanking and trading beyond a ample ambit of asset classes, confined corporations, governments, institutions and individuals about the world. Bank of America offers industry-leading abutment to about 3 actor baby business owners through a apartment of innovative, easy-to-use online articles and services. The aggregation serves audience through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and added than 35 countries. Bank of America Corporation banal (BAC) is listed on the New York Banal Exchange.
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Visit the Bank of America newsroom for added Bank of America news, and bang actuality to annals for annual email alerts.
PayPalFueled by a axiological acceptance that accepting admission to cyberbanking casework creates opportunity, PayPal (PYPL) is committed to democratizing cyberbanking casework and allotment bodies and businesses to accompany and advance in the all-around economy. Our accessible agenda payments belvedere gives PayPal’s 210 actor alive annual holders the aplomb to affix and transact in new and able ways, whether they are online, on a adaptable device, in an app, or in person. Through a aggregate of abstruse addition and cardinal partnerships, PayPal creates bigger means to administer and move money, and offers best and adaptability back sending payments, advantageous or accepting paid. Accessible in added than 200 markets about the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to accept money in added than 100 currencies, abjure funds in 56 currencies and authority balances in their PayPal accounts in 25 currencies.
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