Business
QR Sign-Ins Surge 60% on BofA's CashPro® Platform
Every day, thousands of CFOs and treasurers use QR code technology to sign-in to CashPro, Bank of America's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests. The identity and authentication technology, introduced in 2022, recently surpassed two million uses and saw 60% growth in adoption over the last year1.
About this update from Bank Of America Corporation
[{"type":"text","content":"Convenience, Security and Integration with Biometrics Drive Growth in Adoption of QR Sign-In Technology","length":103,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK and LONDON and HONG KONG, May 20, 2025 /PRNewswire/ -- Every day, thousands of CFOs and treasurers use QR code technology to sign-in to CashPro, Bank of America's digital banking platform accessed by more than 40,000 corporate and commercial clients around the world to manage their treasury, trade and credit operations and perform self-service requests. The identity and authentication technology, introduced in 2022, recently surpassed two million uses and saw 60% growth in adoption over the last year1.","length":520,"tagName":"p"},{"type":"text","content":""Nearly every business client uses CashPro as the front door through which they view and take action on their Bank of America accounts," explained Jennifer Sanctis, head of CashPro App and Personalized Technologies in Global Payments Solutions at Bank of America. "QR Sign-In makes that entry point even more secure and further enhances the client experience."","length":380,"tagName":"p"},{"type":"text","content":"The QR sign-in experience improves two key pain points associated with traditional login processes:","length":99,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"There's no need to remember the CashPro password. Instead, clients use their mobile phone to scan the QR code that appears on the computer screen and sign in using biometrics.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"There's no need to carry a physical token. Instead, users can use the CashPro App to access the mobile token, which is integrated into the sign in flow for clients with multi-factor authentication.","length":201,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":380,"olType":false},{"type":"text","content":"The popularity of this technology is highest among clients in Europe who access it more than twice as frequently as clients in other regions.","length":141,"tagName":"p"},{"type":"text","content":"Karen Davis, head of treasury and trade finance for oil & gas at Glencore, is a member of the bank's UK CashPro Board, a group of clients who provide direct input on the platform's functionality and future build out. Davis...