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Bank of America Merrill Lynch Announces New Virtual Payables Feature

January 23, 2018

EXCLUSIVE – Bank of America Merrill Lynch has added a new feature to its Virtual Payables product, an offering which allows its commercial clients to automate post-invoice payments.

The new feature (or Enhanced Virtual Payables Solution) was announced yesterday, although the feature had been available to clients since Q4’17, according to Louise Hennessy, senior vice president of Global Transaction Services Communications at the bank.

In an email to Bank Innovation, Hennessy explained:

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