New Products Available to the Bank's Corporate and Commercial Clients in North America, Europe and Asia
Bank of America has launched a new commercial credit card that includes premium benefits for frequent business travelers and executives called Executive Explorer1. The card program offers generous statement credits for travel perks and enhanced insurance coverage2 that can help make traveling more enjoyable.
In parallel, the bank also expanded its mobile capabilities for commercial cardholders with the Global Card Access app. Cardholders who are traveling or making business purchases can now activate their cards, check balances, and view their PIN from the convenience of their mobile phone.
"With business travel beginning to resume, we think our clients' employees will benefit from the added features including statement credits toward expedited clearance at airports and access to over 1,500 participating airline lounges, plus touch-free capabilities such as contactless payment and mobile wallet," said Jennifer Petty, head of Global Card and Comprehensive Payables in Global Transaction Services (GTS) at Bank of America.
The Executive Explorer cards, which are available to the bank's corporate and commercial clients in North America, Europe and Asia, offer superior insurance benefits related to coverage for lost luggage, baggage delay, ride share protection and cell phone protection. Executive Explorer cardholders are also given priority assistance from the bank's servicing team.
The launch of the app for the bank's card management tool, Global Card Access (GCA), coincides with the significant growth in mobility brought about by the pandemic. The app will provide additional convenience to business travelers and other commercial cardholders. The app has a biometric login, a dashboard with key account information where users can view balances and recent purchases, and an option to lock a card for added security while not in use.
"With the GCA app, we're giving our clients the same look and feel, the same convenience and ubiquity of use that we've all come to expect from technology to help manage our day-to-day lives," said Fernando Iraola, co-head of Global Corporate Sales GTS and head of GTS Latin America at Bank of America.
Clients should speak to their Bank of America relationship manager to discuss the availability and functionality of the Global Card Access app in our direct issuance markets. Bank of America is a global leader in commercial cards and virtual payables. More information can be found on our website.
Bank of America
Bank of America is one of the world's leading 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 approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
"Bank of America" is the marketing name used by certain Global Banking and Global Markets businesses of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. 2021 Bank of America Corporation. All rights reserved.
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1 Available in all direct issuance markets
2 Insurance coverages vary by country
View source version on businesswire.com: https://www.businesswire.com/news/home/20210804005622/en/
Contacts:
Reporters May Contact:
Louise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com
