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Press Releases

  • 10/25/16 9:00 am EDT

    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...
  • 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...
Awards & Recognition

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


Thong Nguyen on what drives our payments strategy. #Money2020 hours 45 min ago
Vice Chairman on importance of #ESG and responsible growth with and at #tya17 hours 44 min ago
Thong Nguyen, head of retail banking, and 's Bob Hedges discuss what's next for the #futureofbanking at… hours 32 min ago
RT : Why do #HNW individuals give to charity? Our 2016 #philanthropy study takes a deeper look: hours 31 min ago
CTO David Reilly explains to how BofA cultivates #tech partnerships that lead to customer s… hours 10 min ago