Bank of America has introduced Emergency Relief Cards, a suite of prepaid card products that will assist corporations and government entities to prepare for catastrophic events. The special-use cards are designed to be incorporated into contingency plans to enable continuing business operations and to provide relief measures during times of critical need. The new Emergency Relief product suite is built upon the knowledge gained during prior emergency situations that underscored the vital value of card programs, such as the aftermath of Hurricane Katrina. A new version of the card will be available this summer allowing clients to pre-order unfunded cards that can be activated and loaded with funds based upon a pre-determined contingency plan. Under this system, card numbers, intended recipient names and pre-authorized amounts will be kept on file with the bank to be activated if and when needed. This information will be updated monthly by the client to ensure accuracy and the ability to activate the system rapidly. Additionally, duplicate emergency instructions can be provided to the bank. If a client cannot access technology systems during a crisis to enable their plan, Bank of America can initiate it for them.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more