This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BofA Merrill Promotes Paper To Electronic Conversion At Payments And Card Conference

Last week in Miami, Bank of America Merrill Lynch hosted its annual conference on trends and developments in commercial cards and payment solutions. The agenda of this year’s conference, entitled “Connect with what’s next,” highlighted the increasingly important role of electronic payments to assist companies with their working capital management. The conference included presentations by BofA Merrill experts as well as senior leaders from the payments industry, including corporations and state government agencies, who have successfully transformed their payments processes. It also provided an avenue for BofA Merrill to unveil new product innovations.

“Over the last few years, we’ve seen card-related solutions experience rapid growth as companies seek greater control and transparency over their expenses,” said Kevin Phalen, head of Global Card and Comprehensive Payables. “Today, we find ourselves in a new normal, where CFOs and corporate boards expect visibility into their day-to-day cash holdings as a way to manage exposure and maximize funding. The Payments and Card conference is an important forum for facilitating industry dialogue around the means by which companies in every region of the world can achieve these objectives.”

The conference included participation from more than 220 company representatives. Attendees were invited to a number of panel discussions, breakouts and workshops around various topics, including:
  • Updates on the changing landscape of business-to-business payments with a specific focus on economic and regulatory impacts.
  • Sessions to help companies prepare for expanding their card program globally.
  • An overview of new and emerging payment technologies including CHIP and PIN and Mobile.
  • Evolving uses for commercial prepaid products across industries, with a particular focus on: energy and power; general industries; healthcare; consumer-retail; media and telecom; public sector, and higher education.

Among the industry experts who presented at the conference were Wayne Best, chief economist, Visa, Inc.; Dan Morrell, assistant treasurer, Walgreen Co.; and Jennifer Matey, operations manager, Supply Chain Management at Mayo Clinic. Ron Insana, business news journalist from CNBC and MSNBC, gave the keynote address.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs