Earthport to Extend Cross-border Payment Reach with BofA Merrill
Earthport, a global payments utility, will extend and enhance cross-border payment services using the CashPro Online banking channel from Bank of America Merrill Lynch (BofA Merrill). Leveraging the functionality of CashPro Online since August 2011, Earthport is already using the service to clear payments in America for some of its largest global customers. In addition, CashPro Online will provide Earthport clients with additional reach into local payment networks across Latin America, Asia-Pacific and Europe in the coming months.
Hank Uberoi, executive director, Earthport, said: “As a company we are dedicated to solving the challenges traditionally associated with cross-border payments. By working with one of the most recognised financial institutions in the world, we are extending our offering to deliver enhanced services to our clients, breaking down boundaries to growth, improving customer satisfaction and creating new revenue opportunities for our clients.”