Bank of America Merrill Lynch
(BofA ML) has
launched an iPad app version of Paymode-X, the bank’s online payments and
e-invoicing solution powered by Bottomline Technologies.
The portable platform gives treasurers real-time access to critical
corporate payments information, and mobility, allowing them to take
actions to ensure that payment and settlement cycles continue to
flow wherever they go.
“It’s an incredibly powerful tool, allowing businesses to
remotely connect to their payments and invoicing system, and as a
result, have better control, efficiency and predictability of their
cash flow,” said Kevin Phalen, head of card and comprehensive payables at BofA ML.
Paymode-X connects users to a private network of over 185,000
suppliers that accept e-payments and send e-invoices, as well as
supports paper cheque print services through single
In 2011, BofA ML clients processed over
worth more than USD125bn through Paymode-X.
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