Court filing
Exhibit 23 — In re Bank of America California Unemployment Benefits Litigation (Dkt. 324-26, S.D. Cal. No. 3:21-md-02992)
Filed August 29, 2024 in In re Bank of America California Unemployment Benefits Litigation; one of 1415 filings from this case.
Record facts
| Court | U.S. District Court for the Southern District of California |
|---|---|
| Filed | 2024-08-29 |
U.S. District Court for the Southern District of California · No. 3:21-md-02992-GPC-MSB · Doc. 324-26 · 2024-08-29 · Docket on CourtListener
Full text
Exhibit 23 Case 3:21-md-02992-GPC-MSB Document 324-26 Filed 08/29/24 PageID.6961 Page 1 of 3 HOME SERVICES NEWS EDUCATION ABOUT US Search Pont rigs Bank of America Begins Rollout of Chip Debit Cords Bank of America is the First Major U.S. Bank to Issue Chip on Consumer and Small Business Debit Cards Bank of America today announced that beginning this week, it will include No technology on all new and reissued consumer and small business debit cards. Bank of America already includes chips on tne majority of its credit card programs and in the first rebar U.S. sunk to add the Chip technology to debit cards. (Graphic: Business Wire) Bank of America .pa i'.mvrerrnvrail. Tilt CHARLOTTE, NC.--)til.iSiNESd W,iRiil--Banh ot Arnencu loday annaorced trot beginrong this weak it will include clnp technology on all new and reissued consumer and small business debit cards. Back of America already includes chips on the majority Of Its credit curd prenrams and is the first nrulnr U.S. bunk to add the drip technology to debit cards. Cards with chip technology, which are also relerred toes EMS (Eurspay, MasterCard. Visa) cards. are embedded with a microprocessor chip that encrypts transaction information. Each time the chip card is used, the transaction data changes, making it more difficult to copy or counterfeit the card. Many countries noisida the U.S. neon already adopted EMV Chip technology and it is connoted to become the security standard for card payments in the U.S. 55 rnerokanis begin add:ng chip-enabled terminals over the loot year "Chip technology is an important tool it, increasing cast security. atom we want our easterners to have lire best possible experience When using their payment curds," said Tip Cole, retail products and underwriting executiv e for Bash at America. "The new chip-enabled debit curds will improve security or customers' transactions wherr traueiing abroad arid of home as more U.S. merchants adopt chip technology." At merchant locations accepting chip transactions, customers will insert the card into the chip-enabled terminal and enter the PIN or signature. The cards include the traditional magnetic stripe so customers will be able to swipe their cards just as they do today if the merchant has not 0000ened to the new technology. Tire new curds also work at ATMs just as tsey did before. Beginning in October, debit cards issued to new customers will automatically include the ship technology, Existing customers will receive chip cards v/hen their existing debit cards are replaced noon euniralinn or for any other mason. Bark of America has been adding chips in no csosunr, oalrrrnorciul and corporate credit cards in the U.S, satcc 2012 "We will sesirnue to sea leader in the protection or our cusinmers' cards and in the prevention and detection of fraud," added Cole. "We arose truck to convert our curd aorttoiio to EMS and nose-ct to nave the majority converted by lute next year." Batik of America Bank 01 America is na of tee worlds leading financial inhn:tnitim,rms. servoig irntiv:deal corrsunners. striall businesses. middle- market businesses arid large corporations with a lull ran-Se of banking, non-sting, asset inanagenrest and Other financial and nob management products and services. The company proaidns unmatched convenience in the United States, serving approximately 49 ttitlisn cnrrsumor and small 'c-assess miuliocsfvps witir aununronincutely 5,000 retail burikirrg offices and approximately ig.Qgg ATMn and award_winning onlirre banking with 30 million active risers and core than 15 million mebiln, users. Barth of America is among the world's leading witailir management companies and is 51usd leader incorporate and Investment banking and trading across a broad range of ascot classes, serving cnrproat,50s, governments. nstiot:ons and indoidualo around the world. Log In Sign Up /O'lFOlfCTi hyhh.bAC j ,hf Rcrkuaso Versions Englhh Comtfotcts Reporrems May Centaur: eerie these, ear's or unimlea. 1.4 15,913,44-6 ln':rj.rmcsr"dn',umncn,r,rnesiva.n'.or EXHIBIT Case 3:21-md-02992-GPC-MSB Document 324-26 Filed 08/29/24 PageID.6962 Page 2 of 3 Sank of America offers indcshy-Ieadrrtg support to approximately 3 million small business owners throxgtt a suite of inn000lico. easy-to-use online products and oeMces. The company serves clients through operatr005 in more than 40 countries. Sank of America Corporation stock (NYSE: SAC) is listed on the New York Stock Exchange. For more Bank of America news. hsit the SUnk 0! America newsroom. www.fmankofamerica.nom Cortltsct Reporters May CorOcob Salty Riess Bank xtAtsecca, 1.415.913.4415 brtrynrnoWmurknfn,rorixacn.r Xin Mom (mm Business WHet BlDg Ufhtrefaod Deutschtaed Panes Hang Kong Italy Jupms Ttadoshownows.otarr Qenteet Us UKTaaSfrtaegy Pilsocy Statement MonogoC.IU. TermsotUee 02024 Boebrose WOe Case 3:21-md-02992-GPC-MSB Document 324-26 Filed 08/29/24 PageID.6963 Page 3 of 3
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