BofA brings its commercial cards to mobile wallets
BofA Merrill Lynch will extend Apple Pay, Google Pay and Samsung Pay support for business cardholders, covering corporate, commercial and purchasing cards in the U.S.
Bank of America has offered mobile payments to clients and merchants since 2014, but mobile wallets are new to commercial cardholders. The "Pay" wallets will provide the extra security of tokenization for mobile purchases.
Bank of America earlier this summer launched a mobile application for commercial prepaid card programs. That app is aimed at users who receive a reloadable card from an employer or agency.
The earlier launch also includes extra security for biometric authentication on mobile devices.