New Study Offers Insight Into the Motivations, Expectations and Behaviors of Various Demographic Segments of Wealthy Donors
Most wealthy individuals believe charitable giving (45 percent) and
volunteering (31 percent) have the greatest potential for positive
impact on society –far more so than voting for (13 percent) or
contributing to (1 percent) a political candidate who shares their
ideals on topics important to them – according to the 2016
U.S. Trust® Study of High Net Worth Philanthropy. Through
an ongoing partnership with the Indiana University Lilly Familymore...
Foreign Exchange (FX) Rate Guarantee Builds on Multi-Currency Settlement Product
Bank of America Merrill Lynch (BofAML) announced today that CashPro® Flow, its foreign exchange (FX) rate guarantee product, is now available to clients of leading global payments processor, Bank of America Merchant Services and its European entity, BofA Merrill Lynch Merchant Services. This product will be offered alongside Bank of America Merchant Services’ existing multi-currency settlement product – Dynamic Currency Conversion.Large volumes of local-currency payables and receivables canmore...
Clients Can Receive Funds an Estimated 25 Percent Faster
Bank of America Merrill Lynch’s recent technology investmentin end-to-end lockbox operations has improved its speed of processing from the time of receipt to the time of deposit by 25 percent, and the rate of straight-through automation to more than 70 percent. These metrics are important indicators of BofA Merrill’s commitment to help companies by processing paper payments as efficiently and accurately as possible, and ultimately help them optimize their working capital."While today’smore...