Bank of America’s transaction banking strategy has focused on making financial operations more efficient, responsive and accessible for corporate clients. Technology investment and the closer integration of treasury services shaped its approach during the review period.
One of the most significant developments came in US corporate payments. After The Clearing House (TCH), the operator of the RTP network, raised its single transaction limit from $1 million to $10 million, Bank of America became one of the first financial institutions to enable corporate customers to use the higher ceiling.
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