Payment news, May 18

BoA Merrill, J.P. Morgan and RBS announce mandate wins, while China UnionPay expands across Asia.

J.P. Morgan expands trade and treasury solutions in Asia

J.P. Morgan announced a partnership with Cuscal, an Australian provider of wholesale transactional services, to create a new platform for customers' payment and receipt of foreign currency. Cuscal's clients will be able to offer international payment transfers with low transaction fees as a retail banking service to their own customers at competitive foreign exchange rates with this solution. The bank also installed a new liquidity and international demand deposit account management platform in Australia, China, Hong Kong, India, New Zealand and Singapore. The new platform provides more enhanced and efficient reporting for the bank's clients through new real-time capabilities.

Our new liquidity management platform...

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