Bank of America to Debut X-Border Real-Time Payments Tool

Bank of America plans to launch a new cross-border real-time payments tool later this year, according to a Thursday (June 4) press release provided to PYMNTS. The solution, which will roll out in the third quarter, will let corporate, commercial and financial institution clients send and receive money instantly through SWIFT or Bank of America’s CashPro platform, the release said. “Around the world, policymakers and financial institutions share a common goal: making cross-border payments faster,