Bank of America (BAC -1.5%) delays the launch of its mobile deposit product until H2 in a move...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America (BAC -1.5%) delays the launch of its mobile deposit product until H2 in a move that will likely disappoint a portion of its 5M mobile banking customers expecting the time-saving service in Q2. The bigger issue: Is BofA's delayed launch a tech issue or is the bank waiting for a better climate to launch a service that could include fees after suffering a harsh public backlash over debit card fees?