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Press Releases

  • 10/24/16 11:00 am EDT

    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...
  • 10/24/16 9:11 am EDT

    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...
  • 10/20/16 10:00 am EDT

    Expansion Follows Successful First Six Months in Partnership With Self-Help and Freddie Mac to Promote Responsible Lending

    Bank of America, in partnership with Self-Help Ventures Fund and Freddie Mac (OTCQB: FMCC), announced the doubling of its annual commitment to its Affordable Loan Solution™ mortgage program from $500 million to $1 billion, ensuring continued support for an innovative mortgage program that has provided more than 90 percent of its recipients first-time homeownership financing. “Since our introduction in February, the Affordable Loanmore...
Awards & Recognition

Awards and recognition Bank of America has received from publications and organizations


#CIO Hari Gopalkrishnan shares how customer behavior informs tech #innovation at BofA with #BofAMLTech hours 40 min ago
Have an innovative solution to help #financialservices? Apply now & show top banks, VCs & tech execs. #FinTechLabNYC hours 15 min ago
This week we're w/ #NeighborhoodBuilders discussing the vital of role #nonprofits to build thriving communities… hours 10 min ago
ICYMI: announced next generation #ATM at #Money2020 hours 9 min ago
. reveals our latest in #mobile w/ AI technology, erica, at #Money2020 hours 32 min ago