Bank of America Merrill Lynch, Earthport sign strategic agreement

Thursday 19 December 2013 00:08 CET | News

Global financial services provider Bank of America Merrill Lynch and Earthport, a cross-border payments service provider, have signed a multi-year agreement to expand Bank of America Merrill Lynch’s clearing capabilities globally.

Under the agreement, Bank of America Merrill Lynch’s corporate clients will have increased access to the cross-border payments capabilities needed to enhance their global competitiveness. The bank’s clients will benefit from an expanded set of countries and more payments that are deeply integrated with Bank of America Merrill Lynch’s FX solutions.

The strategic agreement continues Bank of America Merrill Lynch’s expansion of international capabilities, which is in keeping with the companie’s commitment to serve its clients wherever in the world they do business.

Bank of America Merrill Lynch’s global escrow services group now covers 15 jurisdictions across Europe, Asia, North and South America. Bank of America provides individual consumers, small and medium sized-market businesses and large corporations with range of banking, investing, asset management and other financial and risk management products and services.

In recent news, Bank of America Merrill Lynch (BofA Merrill) has launched Accelerated Payments to Asia, a service that aims to assist banks and corporations in making high value US dollar payments to Asian markets.

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Keywords: Bank of America Merrill Lynch, Earthport, strategic agreement, cross-border payments, clearing capabilities
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce