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BofA Jumps on Tap-to-Pay Bandwagon as NYC’s Subway Moves Forward

A Bank Of America Corp. Branch Ahead Of Earnings Figures
Photographer: Bloomberg/Bloomberg

Bank of America Corp. is joining the wave of companies issuing tap-to-pay cards.

The lender will send 4 million contactless cards this month to customers in New York, Boston and San Francisco who have Visa debit or credit cards, according to Mark Monaco, enterprise payments executive at Bank of America. It plans to measure usage in those markets before deciding on a broader rollout at the beginning of next year, he said.