Bank of America Merrill Lynch Announces
Enhancements to Wholesale Banknotes Business
Investment in Global Banknotes Highlights Commitment to Corporate Banking and Treasury Services
July 22, 2010 01:03 AM Eastern Daylight Time
CHARLOTTE, N.C.--(EON: Enhanced Online News)--Bank of America Merrill Lynch (BofA Merrill) today
announced enhancements to its wholesale banknotes platform that will provide clients with greater customization and
improved functionality, demonstrating the bank’s strong commitment to Global Banknote Services.
BofA Merrill’s Global Banknote Services business facilitates the import and export of U.S. dollars and other foreign
currencies for financial institutions and corporates. It also supports such industries as hospitality, cruise lines, gaming
and theme parks. Building on its leading position in the industry, BofA Merrill has developed several enhancements
that will provide more efficiency, security and flexibility for clients.
The new version of the Cruise Line Global Foreign Currency (GFC) Offline Application allows more efficient
management of foreign currency on cruise ships, while “Live Rates” capabilities within the GFC system will enable
clients to retrieve currency rates in real time during currency transactions. Other enhancements this year will add
currency images online and improve the bank’s internal efficiencies.
“As one of the world’s leading providers of global banknote services to financial institutions, Bank of America
Merrill Lynch is dedicated to giving our clients the highest level of service,” said Kathleen Gowin, Global Wholesale
Banknotes executive and head of Americas Financial Institutions Treasury Sales at BofA Merrill. “These
enhancements show our commitment to banknote services, and our global footprint allows us to provide clients with
all tradable currencies.”
BofA Merrill provides banknote services in more than 75 countries, with an inventory of 120 currencies and several
strategically located foreign currency vault