BofA Merrill Leads Discussion on Global Payments Trends
Published: March 19, 2014
As a leader in global payments capabilities, Bank of America Merrill Lynch takes an active role in facilitating dialogue around the changing landscape of global commerce and the range of solutions companies can use to make disbursements. This year, the bank’s Global Transaction Services (GTS) group is hosting a series of webcasts, each with a specific regional focus, to help clients become more aware of the challenges and opportunities that different payments systems present. The North America and Asia Pacific webcasts occurred in February and March. Later this year, the Europe and Latin America webcasts will take place.
“We are at an important inflection point in the global payments industry, where commerce – which at its core is the exchange of goods for payment – is becoming borderless. This is driving new payment needs and challenges, and in response, a range of emerging technologies is appearing. Further compounding this complexity are the evolving regulatory frameworks that govern each country,” said Ather Williams, head of Global Payments in GTS. “It’s critical we stay close to our clients during this time, to understand their most important challenges and what innovations we can bring to market to solve those issues. The webcast series is an important step in that process.”
Last month’s webcast, the first in the series, attracted more than 420 participants. Speakers discussed how companies can achieve their goals in the North America payments system. Topics included working capital optimization, electronic payments migration, and the current state of the U.S. and Canada payments systems.