Taipei-based Global Payments Asia Pacific (GPAP) is looking to bump up its payment processing services in the region with the help of technology from Bank of America Merill Lynch (BofA Merill).
Called CashPro Any2Any, the client-facing platform allows client payments to be received in any format – which, says BofA Merrill, speeds up processing times and improves integration between corporations and banks. This is likely to be particularly useful to GPAP, which works in 11 markets across the Asia Pacific region, helping businesses to put better payment solutions in place, including card processors and e-commerce stores.
“Across Asia Pacific, clients are demanding flexible solutions that can integrate with a variety of back-end systems with minimal disruption to day-to-day operations,” said Ivo Distelbrink, BofA Merrill’s Head of Global Transaction Services for Asia Pacific. “The Any2Any solution ticks these boxes and allows Global Payments not only the benefits of improved payments infrastructure in its strategically important Taiwan market, but also the security of a banking partner with extensive international capabilities to support other businesses in various geographies.”
Hermia Lee, Treasury Director of GPAP, added: “Bank of America Merrill Lynch’s efficient support network and detailed preparatory work ensured that the implementation of this solution was both smooth and within our expected timeline. On the strength of this solution, we are delighted to continually offer superior payment processing solutions to our merchant customers.”
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Deutsche Bank plans to partner with fintechs that have complementary business models, rather than buying out tech start-ups and competing in the market, bank executives said at press briefing this week. They also discussed future strategies for the technology, securities and payments spaces.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
The US Commodity Futures Trading Commission approved LedgerX as the first regulated clearing house for derivatives contracts settling in digital currencies.