Cash management takes to the internet

For years banks’ cash management businesses have focused on collecting receipts and executing payments for large traditional companies, minimizing their short-term borrowing needs and perhaps earning them a few basis points on overnight deposits of spare cash. Efficient management of cash resources is a boon to large companies. Banks that do it well earn good returns and tie themselves closely to companies as key banking providers. The leading banks have each invested hundreds of millions of dollars in the infrastructure required to move and monitor cash balances safely.