The Innovators 2015 - Transactions Services, is Global Finance's annual listing of key innovations in treasury and transaction services.

Author: Denise Bedell
BOA Merrill Lynch Logo
http://www.bofaml.com/

Bank Of America Merill Lynch for Digital Disbursements

Category of Innovation | Product

Digital Disbursements is a payment solution that enables companies to make payments to their consumer customers digitally, eliminating the need to issue a check. The payments are directly routed to the bank account of the individual payee’s choosing, using either a mobile-phone number or email address as the identifier.

The solution leverages the technology behind person-to-person (P2P) payments.

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