Big banks are chasing treasury management treasure around the world, and that means lots of dollars for IT to come up with new projects and platforms to make it easier for payers and billers to access automated corporate payments.
Bank of America's payments hub, US Bank and Visa's Syncada, Citigroup, and HSBC are among those chasing a huge international market, one that totals nearly $70 trillion-and a market that also happens to be behind the automation and efficiency curve. International corporate payments are still dominated by paper despite ample evidence that Web and even mobile channels are a good and profitable fit.
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