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.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
HSBC arguing that mid-market businesses are missing out on huge exporting opportunities, 3D printing being predicted to cut global trade by 23% in 2060 and the blockchain community launching a voluntary transparency project all hit the latest headlines in the world of treasury this week.
Direct carrier billing is currently a competitive payments industry in Europe, but will it flourish under PSD2? EE and Microsoft think so.