BofA Merrill Lynch enables Apple Watch controls for B2B payments
Bank of America Merrill Lynch has added Apple Watch capabilities to its CashPro Mobile app, so business customers may approve corporate payments on the go.
CashPro Mobile users may pair their Apple Watch with their mobile security token to access the corporate treasury payments platform, eliminating the need to keep a physical token handy for approving transactions, BofAML said in a Tuesday press release.
The move builds on BofAML’s introduction last year of a digital token within CashPro Mobile so users no longer needed to toggle between screens to securely approve transactions, the bank said in the release. The CashPro Mobile app rolled out in 2017.
“Many people still carry their physical token on a key chain along with other banking tokens, which are bulky. Now executives have everything they need on their iPhone and Apple Watch,” said Tom Durkin, head of global transaction services channels at BofAML, in the release.