Bank of America Merrill Lynch introduced a new Trade and Supply Chain Portal called Trade Pro, an electronic platform for large corporate and middle market companies seeking to enhance their trade and financial supply chain operations. Trade Pro will be available through CashPro® Online, the bank’s treasury management and online banking channel for corporate and institutional clients, which offers an integrated view of treasury and trade functions. It enables customers to automate and more efficiently manage import and export trade and supply chain activity between buyers and sellers. Click here for more information.
BBVA Compass Treasury Management released Secure Chat and Compass e-Access Mobile. Secure Chat is an enhancement of Compass e-Access, allowing users to communicate directly with a bank representative in real-time. Compass e-Access Mobile is a browser-based solution that allows commercial clients to view detailed account activity and balances, initiate book transfers, approve wire transfers, receive seven types of alert notifications, and mobile delivery of One Time Passcodes. Click here for more information.
BNY Mellon has expanded its Treasury Services group's extensive electronic billing and payment processing capabilities to include notifications via SMS messaging as part of its ClearTran Electronic Payment Acceptance solution. Click here for more information.
J.P. Morgan Chase has partnered with Fundtech to enhance their already competitive international payments system for financial institutions currently using PAYplus. This service will provide automated seamless processing for a variety of international payments including domestic wire transfers, FX capabilities with access to more than 135 currencies, and expedited payments from the U.S. to Asia.
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First Tennessee Bank has launched a business mobile banking product featuring sophisticated treasury management capabilities. Business customers can view account balances, initiate stop payment requests, pay bills, transfer funds, approve the release of ACH files for processing, view check and deposit images, and make positive pay decisions. Click here for more information.
Capital One Bank introduced the Apply Payments tool to its Remote Deposit service, designed to give the bank's Treasury Management clients an efficient new electronic receivables processing solution. The new tool will seamlessly integrate their electronic check deposits with accounting software packages, such as QuickBooks or Peachtree. For no additional fee, the tool eliminates the hassle of double-keying check deposit information and automatically updates accounts receivable information in one easy step. Click here for more information.