Bank of America (BAC) Announces Real-Time Cross-Border Payment Solution for Corp

​Bank of America Corporation (NYSE:BAC) is one of the most profitable value stocks to invest in now. On June 4, Bank of America announced a new cross-border real-time payment solution launching next quarter, enabling corporate and institutional clients to send and receive funds instantly via SWIFT or the bank's CashPro platform. The service is designed for high-volume, low-value transactions, such as gig-worker payouts and e-commerce payments, addressing a projected surge in P2P and B2C global flows.

By connecting to various regional real-time networks like India's Unified Payments Interface and the UK's Faster Payments Service, the solution allows funds to be delivered in local currencies. This architecture aligns with G20 objectives for global payments by providing full-principal delivery, lower costs, and real-time tracking, ensuring that beneficiaries receive the entire payment amount without deduction of lifting fees.

The system integrates directly into existing client workflows through APIs or host-to-host channels, minimizing technical overhead for businesses. Additional features, such as pre-validation of recipient information to reduce failed payments, aim to provide a m

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/currencies/articles/bank-america-bac-announces-real-144551286.html)