“Through our single payment API, clients can disburse payments to hundreds of countries and get real-time data and information, helping to increase their business efficiency and competitive edge,” said Stephanie Wolf, head of Global Financial Institutions, Governments, Business Banking Sales, and Risk in GTS at Bank of America. Citing an example of insurance claims, Wolf said, “Our API can be a bridge between an insurer’s system and the policyholder, disbursing funds digitally, and instantly provide access to funds following a claim, without the need to use checks.”
Bank of America’s suite of CashPro APIs includes more than a hundred APIs supporting payments and treasury operations. Clients can connect to them through the CashPro API Developer sandbox, which is designed to accelerate onboarding. Clients can also access the APIs through one of the more than 28 Treasury Management System (TMS) and Enterprise Resource Planning (ERP) platforms that are integrated into Bank of America’s platform.
Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
“Bank of America” is the marketing name used by certain Global Banking and Global Markets businesses of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. © 2022 Bank of America Corporation. All rights reserved.
by : on 2022-10-11 08:59:00
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