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