{"id":2705882,"date":"2025-05-19T07:00:00","date_gmt":"2025-05-19T11:00:00","guid":{"rendered":"https:\/\/pymnts-com-develop.go-vip.net\/?post_type=nw_announcement&amp;p=2512644"},"modified":"2025-05-19T07:00:00","modified_gmt":"2025-05-19T11:00:00","slug":"qr-sign-ins-surge-60-on-bofas-cashpro-platform","status":"publish","type":"nw_announcement","link":"https:\/\/www.pymnts.com\/newswire-announcements\/qr-sign-ins-surge-60-on-bofas-cashpro-platform\/","title":{"rendered":"QR Sign-Ins Surge 60% on BofA\u2019s CashPro\u00ae Platform"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">NEW YORK \/ LONDON \/ HONG KONG \u2013 Every day, thousands of CFOs and treasurers use QR code technology to sign-in to <\/span><a href=\"https:\/\/business.bofa.com\/en-us\/content\/explore-cashpro.html\"><span style=\"font-weight: 400;\">CashPro<\/span><\/a><span style=\"font-weight: 400;\">,<\/span> <span style=\"font-weight: 400;\">Bank of America\u2019s 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 year<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cNearly every business client uses CashPro as the front door through which they view and take action on their Bank of America accounts,\u201d explained Jennifer Sanctis, head of CashPro App and Personalized Technologies in Global Payments Solutions at Bank of America. \u201cQR Sign-In makes that entry point even more secure and further enhances the client experience.\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2512647\" src=\"https:\/\/pymnts-com-develop.go-vip.net\/wp-content\/uploads\/2025\/05\/EMBARGO-05202025-HENNESSY-NEWSROOM-WIRE-QR-Sign-Ins-Surge-60-percent-on-BofAs-CashPro-Platform-docx-Google-Docs-05-20-2025_02_56_PM.png\" alt=\"\" width=\"251\" height=\"217\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The QR sign-in experience improves two key pain points associated with traditional login processes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There\u2019s 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.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There\u2019s 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.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The popularity of this technology is highest among clients in Europe who access it more than twice as frequently as clients in other regions.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Karen Davis, head of treasury and trade finance for oil &amp; gas at Glencore, is a member of the bank\u2019s UK CashPro Board, a group of clients who provide direct input on the platform\u2019s functionality and future build out. Davis is a proponent and frequent user of QR sign-in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cQR sign-in makes it simple to get into CashPro. I use the mobile token security that\u2019s built into the process too, so I don\u2019t need to worry about carrying around a physical token. It\u2019s so quick and convenient. I don\u2019t know why people wouldn\u2019t use it,\u201d Davis said.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bank of America regularly enhances the CashPro platform through innovative new features and functionality that improve business outcomes for clients. Most recently, the bank launched Push Authentication that further simplifies the mobile token experience.<\/span><\/p>\n<p><b>Industry recognition\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Bank of America\u2019s CashPro platform routinely receives third-party recognition. Notable highlights include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>The 2024 Digital Transformation Benchmarking <\/b><span style=\"font-weight: 400;\">study by Crisil Coalition Greenwich, No. 1 (tied) score for <\/span><a href=\"https:\/\/newsroom.bankofamerica.com\/content\/newsroom\/press-releases\/2025\/02\/bofa-receives-top-rankings-in-digital--corporate-banking-and-cas.html\"><span style=\"font-weight: 400;\">overall leadership in Digital Channels<\/span><\/a> <span style=\"font-weight: 400;\">for the third consecutive year, with the bank being the sole leader in 2023 and 2022.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>2025 Awards for Innovation and Excellence<\/b><span style=\"font-weight: 400;\">, Treasury Management International\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bank of the Year for Best Customer Experience (for CashPro Search with Investigations)<br \/>\n<\/span><span style=\"font-weight: 400;\">Best Mobile Technology Solution for Treasury (for Security Insights on the CashPro app)<br \/>\n<\/span><span style=\"font-weight: 400;\">Best Solution Innovation \u2013 Data Analytics (for CashPro Insights)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bank of America<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bank of America is one of the world\u2019s 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 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital 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 4 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 more than 35 countries. Bank of America Corporation stock\u00a0 is listed on the New York Stock Exchange\u00a0(NYSE: BAC).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For more Bank of America news, including dividend announcements and other important information, visit the <\/span><a href=\"http:\/\/newsroom.bankofamerica.com\/\"><span style=\"font-weight: 400;\">Bank of America newsroom<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"http:\/\/newsroom.bankofamerica.com\/alerts\"><span style=\"font-weight: 400;\">register for news email alerts<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Convenience, Security and Integration with Biometrics Drive Growth in Adoption of QR Sign-In Technology<\/p>\n","protected":false},"author":102931,"featured_media":0,"template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"press_contact_first_name":"","press_contact_last_name":"","press_contact_title":"","press_contact_company":"Bank of America","press_contact_email":"","press_contact_phone":"","meta_description":"","keywords":"","spt_article_id":"Wz3BN5Nu-tRFVAhsmbw7m","company_logo":2705931,"package_name":"","spt_editor_url":"","footnotes":""},"tags":[],"class_list":["post-2705882","nw_announcement","type-nw_announcement","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>QR Sign-Ins Surge 60% on BofA\u2019s CashPro\u00ae Platform | PYMNTS.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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