Bank of America Merrill Lynch (BofA Merrill) has introduced an iPad application for its clients using the all-digital online payment and invoicing system, Paymode-X. Using Paymode-X for iPad, executives now have real-time access to critical corporate payments information.
Frequent traveling is a way of life for most executives, and while traveling, their companies’ payment and settlement cycles continue. The Paymode-X for iPad application allows executives to stay connected and informed, make decisions, and take the actions needed to ensure that their payment and settlement cycles continue to flow smoothly.
The iPad release is the most recent innovation for Paymode-X, and is the first phase of a set of mobile capabilities that BofA Merrill, in collaboration with Bottomline Technologies, plans to bring to market.
“We’re very pleased to introduce our clients to Paymode-X for iPad, which was developed in response to growing client demand,” said Kevin Phalen, head of card and comprehensive payables at BofA Merrill. “It’s an incredibly powerful tool, allowing businesses to remotely connect to their payments and invoicing system, and as a result, have better control, efficiency and predictability of their cash flow.”
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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