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Global, integrated file access solutions.
CashPro® Connect

Awards & Recognition

  • Best Global Transaction Services House
    Euromoney Awards for Excellence, 2014
  • Best Technology Platform Winner - Tata Communications
    The Corporate Treasurer, 2014
  • Innovative Feature Winner - CashPro Online Dashboard
    Monarch Innovation Award, 2013

CashPro® Connect

Our suite of global file access solutions provides client integration tools designed to enable greater flexibility and scalability. CashPro Connect helps simplify your end-to-end experience through a multicurrency solution facilitating global origination and receivables with corresponding acknowledgements, reporting and robust communication protocols.

SWIFT Corporate Access

Bank of America Merrill Lynch actively works to provide global services so you can attain new levels of efficiency within your organization. We are committed to delivering innovative global services, including adoption of SWIFT for Corporates and the three SWIFT membership offerings: SCORE, MA-CUG and TRCO. We have worked closely with our corporate clients to create SWIFT Corporate Access.

By using SWIFT, you can automate and standardize financial transactions with your banking partners, allowing for improved visibility and control of cash flows, and improved risk management. Through SWIFT, your business gains access to many of our core offerings by using individual messaging and files to support payments, receipts, treasury activities and more.

Benefits of SWIFT Corporate Access include:

  • Single channel: Consolidated access to Bank of America Merrill Lynch global accounts through a single file and single channel.

  • Minimal complexity: Streamlined business continuity planning as bank connection points become less intricate.

  • Reduced expense: Lowered operating and maintenance costs as multiple bank connection points condense into a single channel.

  • Simplified infrastructure: Scalable technology support for business growth.

  • Interoperability: We are an active member of the SWIFT CAG (Corporate Advisory Group).

Bank of America Merrill Lynch is a long standing supporter of SWIFT and was one of the original banks to pilot the Standardized Corporate Environment (SCORE), where corporates can interact with financial institutions. Our clients communicate with us using FIN and FileAct services. 

For specific capabilities, please check with your Treasury Sales Officer or you may contact our general SWIFT support by email.

Electronic Bank Account Management (eBAM)

Automate and standardize a variety of tasks—from opening, closing and maintenance of legal entities and bank accounts, to adding and deleting authorized signatories to digital execution of documents using e-signature technology that eliminates the need for wet ink signatures.

Electronic File Delivery (EFD)

Reduce costs, streamline processes and gain greater control over your decentralized payment activity. EFD provides web-based global access around the clock, along with optional approval levels and flexible upload capabilities. Authorized users may upload, view, rebatch, delete, and approve payment transactions from around the world.

Foreign Exchange

Increase the efficiency of your FX payments by originating domestic FX payments together, including cross-currency transactions. Linked to our major deposit systems around the globe, CashPro Connect allows consolidation of all payments processing into one file format to originate multiple payment types in multiple currencies. Spanning more than 190 countries and 50 additional territories and dependencies, CashPro Connect enables payments in 160 currencies.

TMI

Taking Connectivity to the Next Level

Corporations connecting to SWIFT are now outnumbering those adopting legacy host-to-host connections by two to one. As such, SWIFT for Corporates is no longer a niche solution, but is becoming increasingly viewed as a mainstream offering – prompting companies to take a more sophisticated approach when deciding whether and how they should connect to SWIFT. Companies which have already invested in SWIFT connectivity are also beginning to look beyond the basic offering and ask what more they can do to benefit from their investment in SWIFT.

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Case Study

Introducing the Potential of Personal Digital Identity

Dassault Systèmes' drive to standardize and streamline how its payments are released globally led its wholly owned subsidiary Dassault Systèmes Americas Corp. (DSAC) to pioneer the introduction of 3SKey in the U.S. 3SKey is a bank-agnostic digital identity key, developed by SWIFT in partnership with the banking community. Using 3SKey does not only deliver global consistency but also offers the promise of extended functionality in the future: Other multinationals could follow DSAC's groundbreaking lead.

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White Paper

Opportunity knocks on the Future of ISO 20022

ISO 20022 forms the bedrock of financial messaging in trade, securities, FX and numerous other financial areas, and it plays a central role with respect to payments. This role is likely to expand to an even greater range of payments-related processes in the future. Indeed, ISO 20022 could solve some perennial challenges for corporates in areas such as remittance advice and, for example, also help to streamline information associated with royalty payments.

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Case Study

UMG Case Study: Using ISO 20022 XML to harmonize bank interfaces

Universal Music Group (UMG), owned by Vivendi, is the world's largest music content company with market-leading positions in recorded music, music publishing and merchandising. As a truly global company, Vivendi wanted to streamline how UMG interacted with its banks by using the ISO 20022 XML standard for UMG's credit transfer messages and SWIFTNet for data transmission. In the U.S., where UMG works with Bank of America Merrill Lynch, the bank supported this change. It also worked to ensure UMG's lockbox and Payee Positive Pay would continue to function effectively following its migration to a new SAP environment, prompting the move to the ISO 20022 XML standard.

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Case Study

eBAM: Cutting Edge Technology

With over 70 bank accounts and more than a significant number of signers, USI was looking to improve visibility and strengthen controls over bank account activities such as opening and closing accounts and changing signatories. It was evident that a more automated process with reporting and audit trails was required to manage the frequent changes required in their business. The company recognized the benefits offered by electronic bank account management (eBAM). Keen to embrace cutting-edge treasury technology, USI worked with Bank of America Merrill Lynch and a treasury systems vendor to adopt an eBAM solution using ISO 20022 XML. In 2013, USI became the bank's first pilot client to go live with eBAM.

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Article

Making ISO 20022 XML a Truly Global Format

As a market leader in enterprise application software, SAP helps companies, no matter the size or industry, work efficiently and use business insight effectively to stay ahead of the competition. SAP applications and services enable customers to operate profitably, adapt continuously and grow sustainably. While integrating Sybase and Ariba into its ERP system and group payment factory, SAP recognized it had a unique opportunity to pioneer ISO 20022 XML for Asia and EMEA operations.

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Explore CashPro Connect

  • CashPro Connect Fact Sheet
  • eBAM Fact Sheet
  • SWIFT Corporate Access Fact Sheet
  • View the CashPro Connect video