Taipei-based Global Payments Asia Pacific (GPAP) is looking to bump up its payment processing services in the region with the help of technology from Bank of America Merill Lynch (BofA Merill).
Called CashPro Any2Any, the client-facing platform allows client payments to be received in any format – which, says BofA Merrill, speeds up processing times and improves integration between corporations and banks. This is likely to be particularly useful to GPAP, which works in 11 markets across the Asia Pacific region, helping businesses to put better payment solutions in place, including card processors and e-commerce stores.
“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, BofA Merrill’s Head of Global Transaction Services for 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.”
Hermia Lee, Treasury Director of GPAP, added: “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.”
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Three years on from being acquired by PayPal, Braintree, a company which allows merchants to process a range of different payments, has revealed the number of its payment transactions has increased by 25 times.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
Square has introduced a new update to its contactless and chip readers that reduces transaction speed to 4.2 seconds.