As the years go by and businesses continue to grow it is essential for them to keep up with new technology. Bank of America is no exception, they were …show more content…
It benefited many consumers that didn’t have time to stop at a branch or ATM. There were 3 different available options for mobile banking; SMS (text messaging), internet, and applications. The first of the three to take off was SMS because it provided a larger reach and was fairly easy sending account balances to its customers. The next one to follow was mobile internet banking. Consumers only needed to use the internet on their mobile device and it permitted them to not only check balances, but to transfer funds to and from different account. Finally, as technology of phones began increasing at a rapid rate and smartphones were introduced, BofA developed applications to “provide a richer experience”. This also enabled more features to be