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Bank of America: QR Sign-Ins by Business Clients Increased 60%
PYMNTS.comยท 2025-05-20 13:05
Core Insights - QR code technology is gaining traction as a sign-in method among Bank of America's corporate and commercial clients, with a 60% increase in usage in 2024 compared to previous years [1] - CashPro serves as the primary platform for over 40,000 business clients globally to manage their treasury, trade, and credit operations [2] Group 1: QR Sign-in Adoption - The introduction of QR sign-in in 2022 has significantly improved the security and user experience for clients accessing CashPro [1][2] - Clients can sign in by scanning a QR code with their mobile phone and using biometrics, enhancing the convenience of the sign-in process [3] Group 2: User Experience and Security - The QR sign-in method eliminates the need for users to remember passwords or carry physical tokens, addressing common pain points in traditional login processes [4] - Clients like Karen Davis from Glencore have expressed satisfaction with the ease of signing into CashPro using the QR sign-in method [4][5] Group 3: Client Needs and Digital Solutions - There is a growing demand among treasurers for more convenience and immediate access to financial tools, which digital treasury solutions like CashPro are designed to meet [6] - The integration of mobile token security within the sign-in process provides clients with additional peace of mind [5][6]