Card Solutions

Gain visibility into spending.
Manage expenses. Increase cashflow.
Optimize working capital.

Overview

Card can be a key component to creating an effective end-to-end electronic payments process, and driving a successful working capital management strategy. Bank of America Merrill Lynch's broad array of global credit and prepaid card solutions allow you to find the right solution that will integrate seamlessly into your payments process.

Bank of America Merrill Lynch is a leading provider of card solutions to large and middle market companies, globally, and to federal, state and local government entities in the United States. BofA Merrill's Commercial Card group works with these organizations to design integrated ePayments solutions that help unlock working capital while increasing efficiency, visibility and control.

  • Improve productivity and help lower costs

  • Reduce risk and improve fraud prevention

  • Streamline expense management

  • Improve Days Payables Outstanding

  • Gain control and visibility into payments

As part of the Global Treasury Solutions business, BofA Merrill's Commercial Card group develops strategies and solutions that are closely aligned to the treasury goals of our clients. Let us tailor a card program to suit your specific needs or help you expand your traditional card program through our program optimization and consulting services.

Perspective

White Paper

Driving automation in the payables process

While organizations focus on vital success drivers like technology, internal change management, cost structure, and coordination with internal stakeholders, they often neglect a key stakeholder — the supplier. Being able to gain the acceptance and participation of suppliers (also known as enablement) and leveraging supplier networks to drive enablement are crucial keys to success.

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Report

Electronic Supplier Payments: Pushing Forward with Buyer Initiated Payments

PayStream Advisors' 2012 Electronic Supplier Payments report, based on their Electronic Payables survey of over 300 accounts payable professionals, highlights the latest industry trends and best practices as well as Bank of America Merrill Lynch's Comprehensive Payables solution.

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