Bank of America Merrill Lynch (BofA Merrill) has launched an enhancement to its commercial card offering with the launch of online PIN Check. Online PIN Check allows Chip and PIN cardholders the convenience of viewing their PIN in a secure environment. The innovation follows the company’s successful rollout of Chip and PIN cards to large corporate clients in the US and Europe over the past few years. Next month, BofA Merrill will be expanding its offering of Chip and PIN to corporate clients in Canada.
“The global card market continues to evolve towards a wholesale adoption of Chip and PIN technology, and BofA Merrill is pleased to offer the solution to its clients,” said Kevin Phalen, head of global card and comprehensive payables.
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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