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Mi-Pay Group Plc

Will BoA Give B2B Mobile Wallets A Boost?

Polished shoes and nice jacket? Check. Laptop? Yep. Business cards and document pouch? Got it. Company-issued plastic? Ha! Who needs that?

A successful business trip depends on preparation, and that includes payments. According to Bank of America’s new vision of the future, those trips — and other B2B payment activities such as buying supplies — would go much more efficiently if plastic was replaced by mobile wallets.

In a new PYMNTS interview, Karen Webster talked with Hubert J.P. Jolly, head of financing and channels in global transaction services at Bank of America Merrill Lynch, about the financial institution’s latest product launch: adding mobile wallet functionality to its suite of commercial card products.

 

Mi-Pay Group PLC (LON:MPAY) engages in assessing, managing, and mitigating fraud risks in the cardholder-not-present payment solutions market in the United Kingdom, Ireland, rest of Europe, and internationally. It provides an outsourced secure payment services platform for instant top up and digital content services primarily in the mobile sector.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.