A new partnership with ModoPayments will give Bank of America Merrill Lynch (BAML) access to the former’s COIN Operated Digital Payments Hub and its ability to connect with several emerging payment networks. Digital Disbursements, the bank’s existing digital B2C service, should see expanded reach.
“We’re excited to be working with Modo on a truly differentiated offering that will provide a gateway for clients to reach their increasingly dispersed consumer and employee population with a diversity of payment options,” BAML head of global transaction services Ather Williams said.
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