Financial Services Industry
Industry: Email Alert RSS Feed'Business 24/7' Helps BofA Recommit to Small Biz
US Banker, November, 2006 by Lee Conrad
Small-business owners recently received a big gift from Bank of America: potential help with the onerous task of paperwork. Administrative chores that happen behind the scenes of any company, like payroll and bill payment, are especially hard on small businesses that often have no dedicated person or established infrastructure for such tasks.
Bank of America's new online tool, Business 24/7, is designed to address those needs, giving it a "first mover" advantage in the small-business niche, according to bank officials and analysts. The bank declined to provide specifics on just how much business this product suite has generated since its introduction to the market in August, but the payroll function is the centerpiece, says Percy Simpson, the bank's executive for small...
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