Every day, numerous CFOs and treasurers utilize QR code technology to access CashPro, Bank of America's digital banking platform. This platform serves over 40,000 corporate and commercial clients globally, aiding them in managing treasury, trade, and credit operations while facilitating self-service requests. The identity and authentication technology was introduced in 2022 and has recently exceeded two million uses, with a 60% increase in adoption over the past year.
Jennifer Sanctis, head of CashPro App and Personalized Technologies in Global Payments Solutions at Bank of America, stated: “Nearly every business client uses CashPro as the front door through which they view and take action on their Bank of America accounts. QR Sign-In makes that entry point even more secure and further enhances the client experience.”
The QR sign-in method addresses two major issues associated with traditional login processes.