CashPro App Usage Rises 20% as Clients Approve $38,000 in Payments Every Second

Rhea-AI Summary

Bank of America (NYSE: BAC) said the CashPro App saw a 20% year-over-year increase in sign-ins and that clients approved a record $1.2 trillion in payment value last year—an average of $38,000 per second. The app added Investment Grade Bond data and AI-driven insights in November 2025 and plans redesigned payment approval and digital identity verification later in 2026.

The announcement highlights rising mobile adoption, biometric QR sign-in, push-based approvals, and expanded AI tools for real-time treasury decision-making across 35,000+ client companies.

AI-generated analysis. Not financial advice.

Positive

• Sign-ins +20% year-over-year
• Clients approved $1.2 trillion in payments in the prior year
• $38,000 average payment approvals per second
• CashPro serves > 35,000 companies
• Added Investment Grade Bond data and AI-driven insights (Nov 2025)

Negative

• None.

News Market Reaction – BAC

+3.18%

1 alert

+3.18% News Effect

On the day this news was published, BAC gained 3.18%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

CashPro App sign-in growth: 20% Payment value via app: $1.2 trillion Payments per second: $38,000 +5 more

8 metrics

CashPro App sign-in growth 20% Year-over-year increase in CashPro App sign-ins

Payment value via app $1.2 trillion Total payment value approved through CashPro App last year

Payments per second $38,000 Average payment value approved every second via CashPro App

CashPro company users More than 35,000 Companies using CashPro globally

Consumer & small business clients Nearly 70 million U.S. consumer and small business clients served

Retail financial centers Approximately 3,600 Number of retail financial centers in the United States

ATMs Approximately 15,000 Number of Bank of America ATMs in the United States

Verified digital users Approximately 59 million Verified digital banking users

Market Reality Check

Price: $51.80 Vol: Volume 21,648,585 is at 0...

low vol

$51.80 Last Close

Volume Volume 21,648,585 is at 0.53x the 20-day average 40,785,250, indicating muted trading interest pre‑announcement. low

Technical Shares at 50.285 are trading slightly below the 200-day MA of 50.9, after a 0.44% daily gain.

Peers on Argus

BAC gained 0.44% with key diversified bank peers also higher: JPM +1.45%, HSBC +...

BAC gained 0.44% with key diversified bank peers also higher: JPM +1.45%, HSBC +1.08%, RY +0.83%, C +0.56%, WFC +0.42%. This points to a broader positive sector tone alongside the CashPro news.

Historical Context

5 past events · Latest: Mar 31 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 31	Co-branded cards launch	Positive	+3.2%	Launch of Royal ONE and Royal ONE Plus tri-branded travel credit cards.
Mar 27	Youth golf partnership	Positive	-2.6%	Champion Partner role funding expanded Watson Links Golf with Us program.
Mar 26	Shamrock Shuffle sponsorship	Neutral	-1.1%	Sponsorship of 45th Shamrock Shuffle with record participation and race results.
Mar 26	AI wealth tools launch	Positive	-1.1%	Rollout of AI‑Powered Meeting Journey across wealth businesses to streamline workflows.
Mar 23	Soccer at Schools launch	Positive	+0.8%	National Soccer at Schools initiative with U.S. Soccer to expand access by 2030.

Pattern Detected

Recent BAC news has often seen mixed or negative price reactions even on positive strategic or branding announcements, with only some partnership and community stories aligning with subsequent gains.

Recent Company History

Over the last few weeks, BAC has released a series of branding, partnership, and technology updates. On Mar 31, 2026, a co‑branded Royal Caribbean credit card launch coincided with a +3.22% move. Community and sponsorship news on Mar 23–27 produced modest and sometimes negative reactions. An AI initiative for wealth businesses on Mar 26 also saw a -1.05% move. Today’s CashPro usage update continues this theme of digital and client‑experience investment.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-10-01

Bank of America has an effective S-3 shelf filed on 2025-10-01, allowing issuance of various securities, including debt, warrants, preferred and common stock, under a single framework. The shelf has been utilized multiple times, with 10 recorded usages and recent 424B2 structured note offerings on 2026-04-07 indicating active use of registered capital markets capacity.

Market Pulse Summary

This announcement underscores the strategic role of CashPro, with app sign-ins up 20% year over year...

Analysis

This announcement underscores the strategic role of CashPro, with app sign-ins up 20% year over year and $1.2 trillion in payments approved, averaging $38,000 every second. It reinforces Bank of America’s focus on mobile, AI and security for corporate clients. In context of recent AI and partnership initiatives, this adds to a broader digital narrative. Key metrics to watch include continued adoption among the 35,000+ CashPro companies and future enhancements to mobile workflows.

Key Terms

biometric authentication, QR Sign In, AI-driven algorithm, machine learning, +2 more

6 terms

biometric authentication technical

"Adoption of biometric authentication via QR Sign In: Enabling a seamless, secure connection"

Biometric authentication uses a person’s unique physical or behavioral traits—such as fingerprints, facial features, iris patterns, or voice—to verify identity instead of passwords or codes. For investors, it matters because faster, more secure login methods can boost customer trust and reduce fraud-related costs, while also creating opportunities and risks around technology adoption, data privacy rules, and the companies that build or supply the biometric systems.

QR Sign In technical

"Adoption of biometric authentication via QR Sign In: Enabling a seamless, secure connection"

QR sign-in is a way to log into a website, app, event, or meeting by scanning a square barcode (QR code) with a smartphone instead of typing a password. For investors it matters because it speeds access and reduces stolen-password risk while leaving a clear digital record of who attended or accessed sensitive documents—think of scanning a ticket at a concert that also creates a stamped guest list.

AI-driven algorithm technical

"uses an AI-driven algorithm leveraging market variables that produces a TED score"

An ai-driven algorithm is a computer program that uses artificial intelligence to learn from data and make predictions or decisions without being explicitly told every rule; think of it as a recipe that keeps adjusting itself as it tastes new ingredients. For investors it matters because these systems can improve forecasting, automate tasks and create cost or performance advantages, but they also introduce risks from unexpected behavior, data bias, and added regulatory or operational scrutiny that can affect returns and valuation.

machine learning technical

"applies machine learning to analyze global cash positions, generate accurate forecasts"

Machine learning is a set of computer programs that learn patterns from large amounts of data and improve their predictions or decisions over time, like a recipe that gets better each time it’s adjusted based on taste tests. For investors it matters because these systems can speed up analysis, spot trends or risks humans might miss, automate routine work, and potentially create competitive advantages or cost savings that affect a company’s performance.

virtual assistant technical

"CashPro Chat is a virtual assistant built with Bank of America's AI-driven Erica technology"

A virtual assistant is a software tool that performs routine tasks—like answering questions, scheduling, pulling documents, or routing customer requests—using automation, chat, or voice interfaces instead of a human. For investors, virtual assistants matter because they can lower labor costs, speed customer service, and scale operations like adding more checkout clerks without hiring, which can boost margins and growth potential; they also carry risks around accuracy, data privacy, and integration costs.

investment-grade issuance financial

"debt issuers, are faced with prior to deciding the viability of an investment-grade issuance"

Debt or bond sales that carry a high credit rating indicating the issuer is seen as relatively safe to repay; these are marketed to investors as lower-risk fixed-income securities. Think of it like lending money to a stable, well-known borrower rather than an uncertain one: investors accept lower interest in exchange for greater confidence the principal and interest will be returned, and companies gain access to cheaper funding and a broader investor pool.

AI-generated analysis. Not financial advice.

Driven by Bank of America's investments in mobile, AI, and security, the CashPro App is taking on a larger role in real‑time treasury decision‑making

Key points

• CashPro App enables real‑time decision‑making in any environment.
• Corporate and commercial clients increasingly rely on CashPro for high-value, high-volume activity.
• AI-driven insights are becoming a core part of treasury strategy.

NEW YORK and LONDON and SINGAPORE and SÃO PAULO, April 8, 2026 /PRNewswire/ -- Bank of America today announced that its CashPro App has become an indispensable platform for corporate and commercial clients, attracting a record number of sign-ins and growing 20% year over year¹. Last year, clients approved a record $1.2 trillion in payment value through the app—an average of $38,000 every second—underscoring the scale of activity and the app's integral role in day‑to‑day treasury operations across industries and geographies.

"The CashPro App has been our saving grace," said Daylon Bailey, Treasury Operations Manager of Highgate Hotels and member of the CashPro North America Board. "It helps me make decisions everyday – including whether to approve someone's access, or to release a wire. For payment approvals, I may not be near my laptop, but if I am expecting a payment that needs to go out, I can pull out my phone and quickly validate information without delay."

The drivers of mobile adoption

Several converging dynamics drove the 20% year-over-year surge in CashPro App sign-ins.

"Mobile has moved from convenience to necessity—serving as a powerful companion to established treasury operations as clients navigate market volatility, evolving workforce expectations, and rapid advancements in mobile-native security and AI," said Jennifer Sanctis, CashPro Product Executive at Bank of America. "These forces are reshaping how treasurers work, and mobile has set itself apart by providing immediate access to information for critical decision-making in moments that matter."

• Demand for real-time visibility and AI‑driven insights: The CashPro app delivers instant access into cash positions, balances, and – since November 2025 – Investment Grade Bond market data through Capital Markets Insights and its AI‑driven Trade Evaluation Driver score helping finance teams assess market conditions and relative value directly from their mobile device.
• Adoption of biometric authentication via QR Sign In: Enabling a seamless, secure connection to CashPro Online and extending familiar consumer experiences – such as QR codes and biometrics – into high‑value commercial banking workflows.
• Preference for push-based workflows over email: In-app push alerts and approvals via the CashPro Mobile Token provide stronger security and faster response times compared to traditional email-based notifications, which remain more vulnerable to spoofing.

"Clients have been clear about what they need from us—speed, resilience, and uncompromising security," said Winnie Chen, head of Global Payments Solutions APAC at Bank of America. "Their feedback, combined with a rapidly evolving industry landscape, continues to shape how we invest in the CashPro App—expanding mobile capabilities that give clients confidence to act quickly and securely, wherever their business takes them."

More enhancements ahead for CashPro App users

Later this year, Bank of America will introduce new functionality to enhance the mobile experience, including:

• Redesigned Payment Approval that will further improve workflow.
• A new digital identity verification experience for corporate administrators. This update will build on the app's inherent cybersecurity protections and patented integrated mobile token.

Frequently Asked Questions

Question: What is CashPro?

Answer: CashPro is Bank of America's flagship digital platform used by more than 35,000 companies around the globe to manage and monitor their payments, deposits, loans and trade transactions.  Through a single, unified experience, CashPro connects companies and institutions to one of the world's largest banking networks – helping them move faster, operate with greater control, and make smarter cash and liquidity decisions globally.

Question: How does CashPro compare against peer offerings?

Answer: For four consecutive years, the CashPro App has been the No. 1 ranked mobile application according to Coalition Greenwich. The broader CashPro platform has also been ranked:

• No. 1 (tied) – Overall Leadership in Digital Channels, fourth consecutive year
• No. 1 – Online Portal Overall
• No. 1 – Host-to-Host (tied)
• No. 2 – TMS and ERP integrations

Question: Does CashPro use AI technology?

Answer: Yes. CashPro uses AI technology in the following ways:

• CashPro Capital Markets Insights uses an AI-driven algorithm leveraging market variables that produces a TED score – an objective way to quantify the macro backdrop that clients, the debt issuers, are faced with prior to deciding the viability of an investment-grade issuance on a given day.
• CashPro Forecasting is an AI-driven data intelligence tool that automatically integrates account data and applies machine learning to analyze global cash positions, generate accurate forecasts, and deliver actionable insights—all within minutes.
• CashPro Chat is a virtual assistant built with Bank of America's AI-driven Erica technology. Clients use the tool to access account information, for transaction tracking and service resolution.

Question: What is the CashPro Board?

Answer: Bank of America has a number of CashPro Boards. Comprised of client users, the boards represent different client segments and regions. Dialogue generated through the boards is used to help determine investment and design decisions.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million consumer and small business clients with approximately 3,600 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Louise Hennessy, Bank of America
Phone: 1.646.858.6471
louise.hennessy@bofa.com 

¹ Full Year 2024 to Full Year 2025

 

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SOURCE Bank of America Corporation

FAQ

What did Bank of America (BAC) announce about the CashPro App on April 8, 2026?

They announced the CashPro App achieved a 20% increase in sign-ins and record payment approvals. According to Bank of America, clients approved $1.2 trillion in payments last year, and the app added bond market data and AI-driven insights in November 2025.

How much payment value did BAC say CashPro clients approved last year and what does $38,000 per second mean?

Bank of America reported clients approved $1.2 trillion in total payments last year, averaging $38,000 every second. According to Bank of America, this average illustrates the platform's high-volume, high-value role in daily treasury operations across global clients.

What does the 20% year-over-year sign-in growth for CashPro mean for BAC shareholders?

The 20% sign-in growth signals stronger client engagement and platform reliance. According to Bank of America, rising mobile adoption and AI features are driving more real-time treasury activity, which may support service retention and fee-based volume over time for BAC's corporate banking franchise.

How does CashPro use AI and what new AI features did BAC highlight in April 2026?

CashPro uses AI for forecasting, chat assistance, and market evaluation scores for bond issuance decisions. According to Bank of America, features include CashPro Forecasting, CashPro Chat powered by Erica, and a Trade Evaluation Driver score added to Capital Markets Insights in November 2025.

How many companies use CashPro and how is BAC improving mobile security for CashPro users?

More than 35,000 companies use CashPro globally, per Bank of America. The company highlighted biometric QR sign-in, a patented integrated mobile token, and planned digital identity verification updates to strengthen authentication and secure high-value commercial workflows.