Bank of America Merrill Lynch has rolled out three new modulesfor CashPro Online, the bank's treasury management and onlinebanking platform: CashPro Payments, CashPro InformationReportingand CashPro Mobile.

CashPro Payments lets clients initiate different types ofpayments, like wire transfers and ACH payments, via a singleapplication. The new module supports more than 200 payment formatsand incorporates a global payments hub, notes Cindy Murray, head ofglobal treasury product infrastructure, platforms and ecommerce forB of A.

The payments hub has a rules engine with rules for each paymenttype, Murray says. The rules engine can let a customer know whatrepairs are needed on a payment file they're importing, she says,and when a client is making a payment, the rules engine providespayment options based on such factors as the time of day and thesettlement date. “There's a lot of intelligence we built into theapplication,” Murray says.

CashPro Payments also has a feature that allows companies toattach more details to an electronic payment. “We have an e-mailadvising capability so you can send to the beneficiary an e-mailadvise and with that e-mail advise you can attach documents—a copyof the invoice or a spreadsheet with line-item details,” Murraysays. “It enables our clients to pay any supplier electronicallyand provide the remittance detail through that attachmentcapability.”

CashPro InformationReporting gives B of A's customers access toinformation on their accounts worldwide, even those at other banks.And CashPro Mobile lets customers take certain actions via theirmobile devices, such as approving payments and checkingbalances.

B of A is already working on the next upgrade to CashPro Online. “What's coming is going to be dashboardcapabilities, so that we can give clients a quick view of thestatus of their payments, and that would also be available on themobile device as well,” Murray says. “We'll present the paymentanalytics in a dashboard, and we'll give you access if you need togo in and approve anything, or go in and repair anything.”

CashPro Online's dashboard capabilities should be rolled out inthe fourth quarter of 2012, she says.