Electronic Business Solutions
Consumers increasingly recognize the convenience and environmental benefits of paperless banking. That's also true for businesses, where paper volumes can be exponentially higher.
Bank of America offers a growing array of products and services to help corporate clients move away from paper to electronic processing. These products include treasury services that convert paper to electronic formats, such as remote deposit, image lockbox, back-office conversion and image cash letters. Other services allow clients to collect payments from their customers over the telephone or online. Enabling corporate clients to make electronic disbursements and receipts is another area that reduces paper use.
Bank of America recognizes that the evolution to paperless payments requires collaboration and cooperation. That's why the bank is a charter sponsor of the National Automated Clearing House Association (NACHA) PayItGreen Alliance, which was created to educate consumers and businesses about the environmental soundness of electronic payments, and to provide tools to ease the shift away from paper.
Quick Facts
- Bank of America offers an array of products and services to help corporate clients move away from paper to electronic processing
- Products include treasury services that convert paper to electronic formats and allowing clients to collect payments over the phone or online
- Bank of America is a charter sponsor of the PayItGreen Alliance, a coalition of financial services companies led by NACHA -- The Electronic Payments Association®
