Bank of America Merrill Lynch is the marketing name for the global banking, global markets and institutional retirement businesses of Bank of America Corporation. Securities, strategic advisory and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation, including, in the United States, Merrill Lynch, Pierces, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., both of which are registered as broker-dealers and members of SIPC, and, in other jurisdictions, by locally registered entities.
"Whenever our accounts payable department does a check run, one of the final steps is to generate the Payee Positive Pay file. The file is transmitted to BofAML. It’s a painless process that doesn’t take much time at all."
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