BofA Merrill Lynch Completes Client Transaction Data Consolidation and 2 Other Hot Stocks to Watch
Bank of America Corp. (NYSE:BAC): Current price $14.629
On Monday, the Global Transaction Services business at Bank of America Merrill Lynch reported that it has finished the consolidation of client transaction banking data from multiple systems into one single centralized data repository. Attaining this milestone permits BofA Merrill to offer significantly improved information reporting and analytics capability to its clients who may now tap into their bank data by means of the CashPro Online, CashPro Connect, or CashPro Mobile channels.
The centralized repository lets clients search across all Bank of America accounts and selected accounts at other banks as well. System users can now access transactions from the previous 365 days by different fields including payee, amount, and date without having to figure which account was utilized for the transaction.