Bank of America has retained its ranking as a top issuer of Visa and Mastercard commercial credit and prepaid solutions in the U.S. The 2018 rankings were published by The Nilson Report, a financial industry publication covering card and mobile payments.
Bank of America’s commercial card programs are managed within the Global Transaction Services (GTS) business that develops solutions to address a company’s overall treasury and working capital needs.
“Our clients increasingly see the value that card solutions bring to their treasury organizations,” said Jennifer Petty, head of Global Card and Comprehensive Payables Solutions in GTS at Bank of America. “The commercial card industry is rapidly evolving, and it is important for us to help our clients grow their card programs and create efficiency by leveraging capabilities like APIs, mobile capabilities and seamless integration of virtual cards into travel and procurement processes.”
Client demand fuels our innovation and as such, Bank of America invests heavily in our card platform to increase security, expand product capabilities and extend geographic reach.