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