Payment news, November 9

BoA Merrill expands its online payment and invoicing system Paymode-X, while Thomson Reuters launches Eikon in Asean.

BoA Merrill expands online payment system

Bank of America Merrill Lynch BoA Merrill has incorporated its online payment and invoicing system, Paymode-X, to its supply chain and treasury solution offering. Paymode-X, which is powered by Bottomline Technologies, combines electronic purchase order submissions, invoicing and payment settlements onto a single platform for the bank’s customers. This allows them to control and predict cashflow more efficiently, reduce processing costs and strengthen relationships with their suppliers.

“These enhancements...

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