B2B Payments

Bank of America ACH Capabilities Grow With Earthport

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Cross-border payments firm Earthport will be helping Bank of America Merrill Lynch expand its ACH capabilities.

Reports Monday (Dec. 12) said Bank of America has signed a multi-year contract with Earthport to integrate its international payments processing capabilities using ACH technology. Bank of America clients using its existing online banking platform, CashPro, will have more options for international ACH payments with Earthport’s integrated offering, the companies explained, including more currencies and more countries supported.

“BofAML is one of the world’s largest payments and cash management banks, and we are delighted to be extending our services to them, bringing real efficiency and transparency to cross-border payments for their clients,” said Earthport CEO Hank Uberoi. “The innovation that BofAML is bringing to payments is exciting and we are thrilled to be playing a part in it.”

Earthport and Bank of America first signed a partnership in 2013. The extension of that deal follows soon after Earthport announced another collaboration with a bank to extend its global footprint.

Last month, India’s Axis Bank announced plans to work with Earthport to support outbound cross-border payments from India using Earthport’s payments network.

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