“This is a milestone for Bank of America in Canada, as we continue to meet the evolving digital needs of our multinational clients, providing them with enhanced speed, flexibility and transparency to manage their payment and receipt flows.”

bank in Canada to offer both C2B Request for Pay and B2C payment flows through this digital solution. Leslie Konecny, head of Product for Global Transaction Services (GTS), Canada at Bank of America, said: “We are pleased to be the first U.S. The solution is both a cost efficient and customer-friendly payments option for companies wanting to replace cash or cheque payments.

Global Digital Disbursements, which launched last month, and is available through the bank’s CashPro platform, facilitates the processing of multiple B2C payments and C2B collections where the identifier is the person’s email address or mobile phone number. The move is apart of a wider strategy that the bank is employing, as it attempts to look for consistent digital solutions that clients can use across all its markets. Bank of America has introduced its business-to-consumer payments solution in Canada as it continues to bolster its digital solutions.

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