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Corporate and Investment Banking, Sales and Trading, Treasury Services

8/22/17 9:00 am EDT

Matching incoming payments with invoices has long been a frustration for companies. Many valuable hours are spent trying to determine who's paying for what. Today, Bank of America Merrill Lynch is pleased to announce a new solution – Intelligent Receivables – that uses artificial intelligence (AI) and other software to help companies vastly improve their straight-through reconciliation (STR) of incoming payments to help them post their receivables faster.

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8/7/17 9:00 pm EDT

Bank of America Merrill Lynch (BofA Merrill), a leader in global transaction services, has launched a payments collection service supporting mobile and card payments through China UnionPay Merchant Services Company. BofA Merrill is the first non-Chinese bank to offer this end-to-end solution via multiple collection channels in China.  

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7/12/17 10:00 am EDT

Once again, Bank of America Merrill Lynch (BofA Merrill) saw its commercial card business reach a new benchmark, according to the annual ranking of U.S. purchase volume for the 2016 calendar year recently published in The Nilson Report, a card payments industry publication.

BofA Merrill processed $56.3 billion in U.S. purchases in 2016 across three categories – purchasing cards, corporate cards and prepaid cards, a 9.2 percent increase over 2015. This total enabled BofA Merrill to maintain its more...

7/7/17 4:00 am EDT

Euromoney magazine this week named Bank of America the World’s Best Bank in two key areas: Corporate Social Responsibility (CSR) and Advisory.

Best Bank for CSR: This award goes to the firm that demonstrates excellence in its initiatives, achievements and milestones, and how it has helped clients improve their CSR credentials. Charitable and philanthropic ventures are important, but Euromoney focused its deliberations on those that provide financial or market solutions. more...

6/15/17 4:00 am EDT

Applications are now open for Bank of America Merrill Lynch’s Returning Talent programme in Chester. The programme aims to help people prepare for re-entering the workforce – a former stay-at-home parent or carer, or someone who chose to take a career gap to support a partner serving within the Armed Forces, for example. People who have been out of work for a year or more are invited to apply via the company’s careers site. The application closing date is 31 July. more...

3/8/17 10:00 am EST

Treasury Management International (TMI), a publication covering the transaction services industry, has named Bank of America Merrill Lynch its 2016 Global Bank of the Year for Payments & Collections. BofA Merrill won seven additional awards, all part of TMI’s annual Awards for Innovation and Excellence.

BofA Merrill was especially strong in the Payments & Collections category, winning three regional or country awards in addition to the global recognition. The full list of BofA Merrill more...

3/6/17 9:37 am EST

Today, Bank of America Merrill Lynch opens applications for its inaugural Returning Talent programme in Dublin. Individuals who have been out of work for 12 months or longer – for example stay-at-home parents or carers, or someone who has chosen to take a career break – are invited to apply via Bank of America Merrill Lynch’s Careers site. The two-day conference will take place on 24 and 25 May 2017. The application closing date is 21 April 2017. more...

2/2/17 9:00 am EST

Bank of America Merrill Lynch, a leader in global transaction services, has announced that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal, CashPro®. Today, tens of thousands of CashPro users can make cross-currency Automated Clearing House (ACH) payments to 60 countries and in 22 currencies, creating an easier and more cost-effective way for companies to pay vendors, contractors and customers. more...

10/31/16 11:08 am EDT

Today, Bank of America Merrill Lynch opens applications for its seventh UK Returning Talent programme. Individuals who have been out of work for 12 months or longer (former stay-at-home parents or carers, or someone who has chosen to take a career break, for example), are invited to apply via the company's Careers site. The application closing date is 6 December.

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10/24/16 9:11 am EDT

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. more...

10/20/16 9:30 am EDT

Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), an industry leader in digital payments innovation, today announced a strategic relationship that will give the bank access to Modo’s patented COIN® Operated Digital Payments Hub. Through the hub, Bank of America Merrill Lynch clients will have the ability to connect with multiple emerging payment networks. Furthermore, the new global capabilities can extend the reach of the bank’s existing more...

9/29/16 9:35 am EDT

Bank of America Merrill Lynch has received three accolades across Foreign Exchange (FX) and Global Transaction Services (GTS) in EMEA Finance magazine’s Treasury Services Awards 2016.

The awards, which were presented during a ceremony at Sibos in Geneva, are:

  • Best Bank for Foreign Exchange Services in EMEA (fifth consecutive year).

  • Best Bank for Foreign Exchange in Europe (fourth consecutive year).

  • Best Bank for Treasury Services in EMEA (second consecutive year).

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9/27/16 6:00 am EDT

Today at Sibos, an annual conference organized by SWIFT for the financial industry, Microsoft Corp. and Bank of America Merrill Lynch announced a collaboration on blockchain technology to fuel transformation of trade finance transacting.

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7/19/16 9:00 am EDT

Bank of America Merrill Lynch’s commercial card payment solutions have gained in importance to the firm’s clients, as reflected in transaction volume rankings for calendar year 2015 that were recently published in the Nilson Report, which covers card payment systems worldwide.

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7/6/16 6:30 pm EDT

Euromoney this week named Bank of America the World’s Best Bank in two key areas: financing and diversity. This is the inaugural year for both awards, and the wins reflect the bank’s strategy to serve customers, clients and shareholders through the power of its diverse, global workforce.

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6/30/16 6:00 am EDT

Applications are now open for Bank of America Merrill Lynch’s inaugural Returning Talent programme in Chester. The programme aims to help people pre pare for re-entering the workforce – a former stay-at-home parent or carer, or someone who chose to take a career gap to support a partner serving within the Armed Forces, for example. People who have been out of work for a year or more are invited to apply via the company’s Careers site. The application closing date is 15 August. more...

5/25/16 9:00 am EDT

Bank of America Merrill Lynch has received recognition from Global Finance magazine in the publication’s program, The Innovators 2016, which recognizes innovations in trade finance, corporate finance, transaction services, and foreign exchange. BofA Merrill was named an innovator for its original products and solutions in three categories:

5/2/16 9:00 am EDT

Banc of America Merchant Services, LLC, a leading electronic payments processor in the United States, announced today its expansion to Europe and creation of a new London-headquartered unit, BofA Merrill Lynch Merchant Services (Europe) Limited (BofAML Merchant Services).

BofAML Merchant Services will facilitate e-commerce, card-present and card-not-present transactions for clients looking for international payment services, in conjunction with existing services offered through BofAML’s more...

4/20/16 2:00 pm EDT

Bank of America Merrill Lynch today announced that its trade finance processing application, Bank of America Merrill Lynch CashPro Trade™, is now powered with innovative technology to assist clients with document identification and retrieval. The enhancement, which is part of the bank’s ongoing commitment to simplifying trade transactions, significantly streamlines the typically tedious, manual process of document identification through the use of data capture technology. more...

4/15/16 2:00 pm EDT

Today in New York, Bank of America Merrill Lynch was recognized by Celent as a Model Bank in the Digital Payments and Cards category for its Digital Disbursements payments solution. Celent is a global research and advisory firm for the financial services industry.

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4/7/16 4:00 am EDT

Bank of America Merrill Lynch (BofA Merrill), a leader in card services for middle-market, large corporate and public sector clients, has received a Gold accolade for its global product BofA Merrill Travel Pro, which was acknowledged as the best virtual development at the 2016 PYMNTS Innovator Awards.

BofA Merrill was the only global bank recognised in the awards and received the highest number of votes in its category for launching BofA Merrill Travel Pro, an electronic card solution which more...

4/5/16 1:00 pm EDT

Bank of America Merrill Lynch’s Global Transaction Services (GTS) business is once again proud to announce its sponsorship of the Latin Trade CFO Forums for 2016. The series gathers CFOs, finance directors and treasurers from various industries in Latin America for the opportunity to share knowledge and experiences across domestic and international borders.

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2/23/16 9:00 am EST

Bank of America Merrill Lynch has been named winner of nine leading industry awards by financial trade publication Treasury Management International (TMI).

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10/22/15 4:00 am EDT

Applications are now open for Bank of America Merrill Lynch’s (BofA Merrill) fifth annual UK Returning Talent programme, which aims to help bridge the gap between being a stay-at-home parent or carer and re-entering the workplace. People who have been out of work for a year or more are invited to apply via the company’s Careers website.The closing date is 18 December 2015.

BofA Merrill, in partnership with the Executive Coaching Consultancy, is looking to attract individuals from a range of more...

10/19/15 9:00 am EDT

Thousands of companies across the world, and particularly in the United States, continue to receive large volumes of check payments, even as electronic payment options grow in popularity. Today, Bank of America Merrill Lynch (BofA Merrill) is pleased to announce that its U.S. Wholesale Lockbox service, which collects and processes these payments, has been fundamentally transformed, enabling greater accuracy and speed. This can mean improved more...