BofA Merrill Implements CashPro® Any2Any Solution for Global Payments’ Taiwan Branch


WEBWIRE – Tuesday, September 02, 2014

The Any2Any solution ticks these boxes and allows Global Payments not only the benefits of improved payments infrastructure in its strategically important Taiwan market, but also the security of a banking partner with extensive international capabilities to support other businesses in various geographies.

Bank of America Merrill Lynch (BofA Merrill) Global Transaction Services (GTS) today announced the implementation of its CashPro® Any2Any for Global Payments Asia-Pacific (Hong Kong) Limited, Taiwan Branch (GPAP), a leading worldwide provider of payment processing services, including 11 markets across the Asia Pacific region. In mandating BofA Merrill GTS, GPAP now has the advantage of processing larger payment volumes for its Taiwan merchant base on a daily basis.

BofA Merrill’s Any2Any is a client-centric platform that processes clients’ transactions received in any file format, enabling enhanced systems integration between corporations and their banking partners. Powered by a repository of pre-mapping and integration capabilities developed in-house the bank, the solution is compatible with all major industry file formats including EDI, ISO XML, SAP IDOC. It also provides the flexibility of accepting a client’s own payments files in any format.

Furthermore, the solution supports both initiation of payments and bank statement reporting and provides seamless integration to CashPro® Online, BofA Merrill’s worldwide client access channel and CashPro® Connect, its suite of host-to-host, global file access solutions.

“Across Asia Pacific, clients are demanding flexible solutions that can integrate with a variety of back-end systems with minimal disruption to day-to-day operations,” said Ivo Distelbrink, head of Global Transaction Services, Asia Pacific. “The Any2Any solution ticks these boxes and allows Global Payments not only the benefits of improved payments infrastructure in its strategically important Taiwan market, but also the security of a banking partner with extensive international capabilities to support other businesses in various geographies.”  

As one of the largest payment processors in Asia Pacific, Global Payments delivers world-class payment solutions and services that help millions of businesses across the region to accept card payments and enhance customer experience. With its state-of-the-art payment processing technology and long-standing industry expertise, Global Payments enables merchants to maximize sales across customer touch points, ranging from brick and mortar retailers to eCommerce stores.

“Bank of America Merrill Lynch’s efficient support network and detailed preparatory work ensured that the implementation of this solution was both smooth and within our expected timeline. On the strength of this solution, we are delighted to continually offer superior payment processing solutions to our merchant customers, and look forward to further opportunities to partner with Bank of America Merrill Lynch,” said Hermia Lee, Treasury director of GPAP.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small businesses, 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 49 million consumer and small business relationships with approximately 5,000 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 30 million active users and more than 15 million mobile users. Bank of America is among the world’s leading wealth management companies and is a global leader in 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 owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. 

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About Global Payments Asia-Pacific
Global Payments Inc. (NYSE: GPN), a Fortune 1000 company, is a leading provider of payment processing services, headquartered in Atlanta, Georgia, USA. Global Payments processes billions of payment card, check, and ecommerce transactions annually for over 1 million merchant locations worldwide. In Asia Pacific, Global Payments brings a new level of innovation to merchant services with a full suite of payment solutions for every industry and first-class customer service to support merchants across their operations in Taiwan, Brunei, mainland China, Hong Kong SAR, India, Macau SAR, Malaysia, the Maldives, the Philippines, Singapore and Sri Lanka. Global Payments Asia-Pacific (HK) Ltd. Taiwan Branch is a 100 percent Global Payments-owned subsidiary.

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