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Showing posts with label America. Show all posts
Showing posts with label America. Show all posts

Friday, August 31, 2012

Extreme Networks Promotes Carlos Perea To Vice President Of Sales For Latin America


August 31, 2012

Extreme Networks Promotes Carlos Perea To Vice President Of Sales For Latin America

SANTA CLARA, Calif., Aug. 31, 2012 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR) today announced that it has promoted Carlos Perea to the position of Vice President of Sales for Latin America (LATAM).  Perea, a twelve year veteran of the company with 23 years of industry experience, has sales and channel responsibility for the region.

Over the recently completed fiscal year for the company (FY'12), Perea led the Latin America region to impressive revenue growth highlighted by a 39% increase year-over-year in Brazil. Perea has also cultivated a strong base of channel and distribution partners in the region with customer wins in education, telecom service providers, and banking.

"Carlos has achieved measurable growth in Latin America and typifies the blend of leadership, depth of knowledge and trusted practices that lead to success," said Oscar Rodriguez, president and CEO of Extreme Networks.

"I am looking forward to success as we further build Latin America channels, customer references and local sales and support teams," said Perea.  "Customer opportunities stemming from the cloud, mobility and data center trends in the Latin America markets give us the momentum for continued growth."

About Extreme Networks

Extreme Networks is a technology leader in high-performance Ethernet switching for cloud, data center and mobile networks.  Based in Santa Clara, CA, Extreme Networks has more than 6,000 customers in more than 50 countries.  For more information, visit the company's website at http://www.extremenetworks.com.

Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to poetential growth  and  sales performance are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov).

Extreme Networks is either a registered trademark or trademark of Extreme Networks, Inc. in the United States and other countries.

SOURCE Extreme Networks, Inc.

News Provided by Acquire Media

Monday, March 26, 2012

Bank of America Announces Small Business 401(k) through Merril Egde

Bank of America Announces Small Business 401(k) Through Merrill Edge
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New Retirement Solution From Merrill Edge Designed to Address the Needs of Small Business Owners and Employees Through a Convenient Plan With Lower Costs Than Many Traditional 401(k) Offerings


CHARLOTTE, N.C.--(BUSINESS WIRE)--Mar. 26, 2012-- Bank of America today announced the launch of a new 401(k) solution from Merrill Edge designed for small businesses, called the Merrill Edge® Small Business 401(k). This retirement solution offers small business owners, who generally have 401(k) plan assets under $250,000, a simplified, easy-to-manage retirement plan with lower costs than many traditional 401(k) plans, enabling small businesses to provide an important benefit to their employees.

“We know how important small businesses are to our nation’s economy and how dedicated their owners are to their employees,” said Robb Hilson, Bank of America Small Business executive. “Offering a simplified 401(k) plan, designed to address the needs of small business owners and their employees, is yet another way we are showing our commitment to supporting small businesses.”

According to a recent U.S. Government Accountability Office report, only 14 percent of small business employers (those with up to 100 employees) offer a retirement plan to their employees. Based on interviews with small employers, the report cited plan complexity, administrative burdens and carrying out fiduciary responsibilities as among the key barriers to sponsoring retirement plans1. The Merrill Edge Small Business 401(k) has easy-to-understand pricing that is generally lower than many traditional 401(k) plans. The offering provides convenient access to an online plan that is easy to maintain so that small business owners can stay focused on running their businesses and give themselves and their employees opportunities to pursue a successful retirement.

“In a recent Bank of America Merrill Lynch Workplace Benefits Report, more than half of small business owners cited retirement benefits as one of the top tools for retaining employees and attracting new talent,” said Rich Linton, head of Business Retirement Solutions for Bank of America Merrill Lynch. “The generally lower costs than many traditional plans and accessibility of this solution enable business owners to provide employees with an important, tax-advantaged retirement savings tool, while also receiving potential tax benefits for their business.”
The Merrill Edge Small Business 401(k) is self-serviced and managed completely online, giving small business owners secure access when and where it is convenient for them. Additional features and benefits include:
  • An affordable, flexible 401(k) plan to help meet their unique needs.
  • Access to 401(k) specialists to help with online plan setup.
  • Web-based 401(k) recordkeeping administration services tailored for small businesses provided by Plan Administrators, Inc.
  • Transparent fees to help quickly assess the right plan for their business and control the bottom line.
  • A streamlined investment menu selected by Morningstar Associates, LLC, who assumes investment fiduciary responsibility and simplifies the fund selection process for clients, while helping take the guesswork out of fund selection for employees.
This solution also gives employees a platform through which they can easily manage theirretirement investments. Features include:
  • Online resources and education to help employees start their retirement investing and then stay on track, as well as phone-based support from 401(k) specialists to help them make informed investment decisions.
  • Access to daily online statements and account performance details.
“Merrill Edge Small Business 401(k) gives small business owners and their employees access to benefits of the Merrill Edge services,” said Alok Prasad, head of Merrill Edge for Bank of America. “Merrill Edge’s simplified and transparent features enable customers to efficiently manage all their investment and retirement accounts, helping them prepare for the years ahead.”

In addition to the Merrill Edge Small Business 401(k), Merrill Edge offers small business owners a range of cost-effective retirement plan solutions to help meet their needs, including a Savings Incentive Match Plan for Employees (SIMPLE) and Simplified Employee Pension (SEP) plans. Additionally, Merrill Lynch provides access to a host of solutions through its Advisor Allianceprogram, which delivers affordable recordkeeping and retirement plan administration services from a diverse selection of providers.

Beyond retirement plans, Bank of America is helping small businesses through a variety of other programs and services. The company extended $6.4 billion in new loan originations to small businesses in 2011, which increased new credit to small businesses by 20 percent. Bank of America is also the leading bank supporting Community Development Financial Institutions (CDFIs), providing more than $200 million to finance small businesses that can’t qualify for traditional loans. A CDFI grant program, created in 2010 to unlock low-cost capital for small businesses, has allowed CDFIs to access more than $93 million, serving more than 8,700 local businesses and helping create and retain more than 13,000 jobs.

Bank of America has also hired more than 700 small business bankers since late 2010 and plans to hire a total of approximately 1,000 across the U.S. by mid-2012. These bankers serve as a dedicated resource for small business owners, helping them assess their companies’ deposit, credit and cash management needs.
1 United States Government Accountability Office’s testimony before the Special Committee on Aging, U.S. Senate, March 7, 2012


Merrill Edge

Merrill Edge provides mass affluent customers and small business clients with access to professional investment guidance through Merrill Edge Financial Solutions Advisors™ in the Merrill Edge Advisory Center™ or in-person at select banking centers. For customers who prefer to invest on their own, Merrill Edge provides an online self-directed investing platform, with robust tools and resources to help them make informed investment decisions.
Bank of America


Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

For more Bank of America news, visit the Bank of America newsroom.


Merrill Edge is available through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), and consists of the Merrill Edge Advisory Center (investment guidance) and self-directed online investing.
MLPF&S is a registered broker-dealer, member SIPC and a wholly owned subsidiary of Bank of America Corporation.

Banking products are provided by Bank of America, N.A. and affiliated banks, Members FDIC and wholly owned subsidiaries of Bank of America Corporation.
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.

Plan administrative and recordkeeping services for Merrill Edge Small Business 401(k) are provided by Plan Administrators, Inc. (PAi). Investment advisory and fiduciary services are provided by Morningstar Associates, LLC, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. Morningstar Associates, LLC is a provider of investment management solutions including investment advisory and retirement plan services. TheMorningstar name and logo are registered marks of Morningstar, Inc. Educational call center support will be provided by PAi. Bank of America Corporation, PAi and Morningstar Associates, LLC are not affiliated.


Investment products:

Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value

© 2012 Bank of America Corporation. All rights reserved.

Thursday, March 22, 2012

Bank of America Delivers New Online and Mobile Enhancements

Bank of America Delivers New Online and Mobile Enhancements That Allow Merrill Edge® Customers to Invest Anywhere, Anytime
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NEW YORK--(BUSINESS WIRE)--Mar. 22, 2012-- Bank of America today announced a number of new online and mobile capabilities for its Merrill Edge® customers. These new capabilities include a Merrill Edge Android application, remote check deposit functionality for iPhones1, bill-pay functionality for iPads and a new Investment Product Education Center within MerrillEdge.com.

“The November Merrill Edge Report* indicated that a quarter of mass affluent respondents are avid users of mobile banking, and use it to check account balances, transfer funds and pay bills,” said Alok Prasad, Merrill Edge executive. “Merrill Edge continues to invest in new tools and enhancements to allow our customers to access and manage their Merrill Edge investment accounts anywhere at any time, helping them to stay in control of their finances.”

The new Merrill Edge Android application allows its customers a simple and convenient way to view investment balances, place trades, research investments and transfer funds between their linked banking and investment accounts. Bill-pay functionality through Merrill Edge’s upgraded iPad application enables eligible customers to schedule, edit or manage online bill payments. In addition, remote check deposit functionality is now available on Merrill Edge’s upgraded iPhone application. This new feature allows Merrill Edge customers to quickly and easily take a picture of a check with their iPhone and have it deposited directly into their qualifying Merrill Edgeinvestment account. Merrill Edge is providing these enhancements while maintaining a high level of security to help protect customers against fraud and identity theft.

In addition, the Investment Product Education Center provides Merrill Edge customers with easy access to research stocks, options, ETFs, mutual funds and fixed income products. Customers will have access to investment: news, research, reports, education, articles, analysis and other key functionality.
“Our customers want more convenient access to their accounts and the ability to invest through a variety of emerging technologies,” said Paul Vienick, Merrill Edge Self-Directed Investing executive. “As technology evolves, we will continue to offer access to a broad array of mobile and online services with high levels of security.”

The addition of these new enhancements expands Merrill Edge’s online and mobile capabilities while continuing to offer customers simple and convenient ways to invest with Merrill Edge. Over the past year, Merrill Edge has expanded its website functionality and educational resources, tools, and investment research to assist customers with making informed investment decisions. Merrill Edge has also previously announced mobile applications for iPhone, iPad and BlackBerry. In addition, Merrill Edge also offers Merrill Edge MarketPro2, a fully customizable trading and streaming market data platform for engaged investors.

Merrill Edge


Merrill Edge provides mass affluent customers access to professional investment guidance. Customers who open an investment account with the Merrill Edge Advisory Center will have access to Merrill Edge Financial Solutions Advisors™ on the phone or in-person at select banking centers. Customers who prefer to invest on their own can open a Merrill Edge self-directed account where they will have access to an online investing platform, with robust tools and resources to help them make informed investment decisions.
*Ketchum Global Research Network and Braun Research conducted the Bank of America Merrill Edge Report survey by phone between July 20 and August 4, 2011 on behalf of Bank of America. To learn more about the Merrill Edge Report methodology, go to:http://mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=mediaMention&id=410960.

1 Must be a deposit into a Merrill Edge investment account using an iPhone or iPod touch with a camera that runs iOS 4.0 or later.

2 Merrill Edge MarketPro™ is available to clients who maintain a Merrill Edge self-directed relationship.

To qualify, you must maintain total combined balances of $50,000 or more in your Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts or make at least 15 self-directed trades per quarter. Not available for investment professionals and business accounts. Relationship requirements and pricing are subject to change. See merrilledge.com for details.

To qualify for Level II quotes, you must maintain total combined balances of $1 million or more in your Merrill Lynch investment accounts and Bank of America, N.A. deposit accounts or make at least 30 self-directed trades per quarter.

Merril Lynch Wealth Management Announces New Mobile Features for Clients

Merrill Lynch Wealth Management Announces New Mobile Features for Clients
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NEW YORK--(BUSINESS WIRE)--Mar. 22, 2012-- Merrill Lynch Wealth Management today announced a number of new online and mobile features for clients making it more convenient to access account information, deposit checks, and pay bills. These new capabilities include an Android1 application, remote check deposit functionality for iPhones2, and bill pay functionality for iPads. Clients currently enjoy access to applications on iPhones, iPads, and BlackBerry devices.

The Android app enables clients to securely view their accounts, follow the markets, retrieve real-time quotes, transfer money, and much more. With the MyMerrill for iPhone app, clients can now deposit checks remotely into eligible Merrill Lynch investment accounts. Clients simply sign into the MyMerrill for iPhone app, access check deposits, capture an image of the front and back of the check, and submit the checks for processing. Bill pay from Merrill Lynch enables clients with eligible investment accounts a simpler, more efficient way to pay their bills using their iPad. Once enrolled in the bill pay service on MyMerrill.com, clients can pay their bills and view all payments on a consolidated calendar view within the MyMerrill for iPad app.

“The convenience and speed of mobile access is becoming more important over time - especially for clients who have multiple account types with our Financial Advisors. The ability to access accounts, transfer money, pay bills, and even browse research anywhere and at any time is another tool we can give clients to simplify their financial lives,” said Paul Fox, head of Merrill Lynch Wealth Management Online Platforms. “Our Financial Advisors have the same capabilities, enhancing collaboration and partnership with clients.”

The MyMerrill app for both iPhone and iPad is available via the iTunes App Store athttp://itunes.apple.com.

For more information on our online and mobile offerings, go to www.MyMerrill.com. For more information on Merrill Lynch Wealth Management, go to www.ml.com.

1 Device must have Android OS 2.2 or higher
2 Must be an iPhone or iPod Touch with OS 4.0 or higher

Merrill Lynch Global Wealth Management

Merrill Lynch Global Wealth Management is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With more than 17,300 Financial Advisors and more than $1.5 trillion in client balances as of December 31, 2011, it is among the largest businesses of its kind in the world. More than two-thirds of Merrill Lynch Global Wealth Management relationships are with clients who have a net worth of $1 million or more. Within Merrill Lynch Global Wealth Management, the Private Banking & Investment Groupprovides tailored solutions to ultra affluent clients, offering both the intimacy of a boutique and the resources of a premier global financial services company. These clients are served by more than 160 Private Wealth Advisor teams, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Global Wealth Management is part of Bank of America Corporation.

Source: Bank of America. Merrill Lynch Global Wealth Management (MLGWM) represents multiple business areas within Bank of America’s wealth and investment management division including Merrill Lynch Wealth Management (North America and International), Merrill Lynch Trust Company, and Private Banking & Investment Group. As of December 31, 2011, MLGWM entities had approximately $1.5 trillion in client balances. Client Balances consists of the following assets of clients held in their MLGWM accounts: assets under management (AUM) of MLGWM entities, client brokerage assets, assets in custody of MLGWM entities, loan balances and deposits of MLGWM clients held at Bank of America, N.A. and affiliated banks.

Tuesday, March 20, 2012

Survey Finds Investors Displaying Growing Conviction in Growth

BofA Merrill Lynch Fund Manager Survey Finds Investors Displaying Growing Conviction in Growth
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Portfolio Managers Indicate That QE Era Is Coming to an End

NEW YORK & LONDON--(BUSINESS WIRE)--Mar. 20, 2012-- Investors are increasingly bullish about prospects for global growth and a diminishing number expect further rounds of quantitative easing (QE) by central banks, according to the BofA Merrill Lynch Survey of Fund Managers for March.

A net 28 percent of investors expect the world economy to strengthen in the coming 12 months – a large increase from a net 11 percent in February. As recently as January, the majority of respondents predicted that the economy would weaken. Eurozone confidence has risen – this month sees an even split between those expecting a stronger or weaker eurozone economy. In February, a net 35 percent predicted the economy would deteriorate.

Investors are more optimistic about corporate profits. A net 6 percent of the panel expects corporate profits to improve in the coming year. A month ago, a net 11 percent predicted profits would decline.

Fewer investors expect the U.S. Federal Reserve (Fed) to engage in further QE. Nearly half of the panel (47 percent) expects no further QE in the U.S., up from 36 percent in February. Thirty-nine percent predicts the European Central Bank will not extend QE, up from 23 percent a month ago. However, investors foresee higher inflation with a net 13 percent expecting it to rise in the coming year. Only last month, a net 16 percent predicted inflation would fall.

“The prospect of higher inflation reflects a victory of central banks in the war against deflation. Risk appetite is rising with hedge funds more active, but cash is still on the sidelines to put to work,” said Michael Hartnett, chief Global Equity strategist at BofA Merrill Lynch Global Research. “We are witnessing a rehabilitation of European growth prospects, boosted by a sharp fall in EU sovereign concerns,” said Gary Baker, head of European Equities strategy at BofA Merrill Lynch Global Research.

Attention shifts to developed economies from emerging markets

Growth prospects in Europe, the U.S. and Japan are overshadowing emerging markets where some investors are turning bearish.

Global investors hold far fewer fears about the eurozone. The numbers naming EU sovereign debt as their number one “tail risk” have declined sharply to 38 percent this month from 59 percent in February. Investors within the eurozone are both more bullish about growth and far less worried about corporate profits. A net 7 percent expects corporate earnings in the eurozone to deteriorate in the coming 12 months, down from a net 39 percent in February and a net 84 percent in December.

A net 29 percent of U.S. investors say the U.S. economy with get stronger in the year ahead, up from a net 15 percent in February. Japanese fund managers are the most bullish with a net 91 percent saying that Japan’s economy with strengthen, up from a net 47 percent two months ago.

While Global Emerging Markets remain the most popular region, concerns about China’s growth prospects have increased. A net 9 percent of respondents say China’s economy will weaken in the next year, up from a net 2 percent in February. Sentiment within Asia Pacific (excluding Japan) has dampened. A net 41 percent of respondents to the regional survey expect the region’s economy to weaken in the year ahead, up from a net 35 percent last month.

Furthermore, inflation concerns have risen significantly among Asia Pacific fund managers. A net 41 percent of respondents now expect inflation in the region to rise in the coming year. Only last month, a net 5 percent predicted inflation to fall.

Banks gaining momentum – U.S. underweight position disappears

Banks and financial services companies have enjoyed a second month of popularity among investors as allocations towards equities have risen.

The proportion of global asset allocators underweight banks has fallen 11 percentage points month-on-month to a net 14 percent. U.S. investors are now collectively neutral on banks with a net zero percent over/underweight this month. Two months ago, a net 16 percent were underweight banks. In Europe, the net underweight position in banks has shrunk to 7 percent from 50 percent in January.

Technology remains comfortably the top sector globally, but it has also enjoyed a surge in popularity among Europeans. A net 33 percent of eurozone investors are overweight technology, up from a net 10 percent in February. The sector has overtaken automotives/parts to become the region’s most popular.

Survey of Fund Managers
An overall total of 278 panelists with US$796 billion of assets under management participated in the survey from 9 to 15 March. A total of 212 managers, managing US$639 billion, participated in the global survey. A total of 145 managers, managing US$354 billion, participated in the regional surveys. The survey was conducted by BofA Merrill Lynch Research with the help of market research company TNS. Through its international network in more than 50 countries, TNS provides market information services in over 80 countries to national and multi-national organizations. It is ranked as the fourth-largest market information group in the world.


BofA Merrill Lynch Global Research


The BofA Merrill Lynch Global Research franchise covers more than 3,300 stocks and 960 credits globally and ranks in the top tier in many external surveys. Most recently, the group was namedTop Global Research Firm of 2011 by Institutional Investor and No. 2 in the 2012 Institutional Investor All-Europe survey. The group was previously named No. 1 in the 2011 Institutional Investor All-Asia, All-China and All-Japan surveys, marking the first time a single institution simultaneously topped all three surveys. The group was also named No. 2 in the inaugural Institutional Investor Emerging Markets Equity and Fixed Income survey, covering Emerging Europe, Middle East and Africa; No. 2 in the 2011 All-Latin America and All-America Equity team surveys; and No. 3 in the 2010 Institutional Investor All-America Fixed Income, All-Brazil and All-Europe Research team surveys. The group was also the winner of the Emerging Markets magazine’s EM Research Global Award for 2010 and 2011.
Bank of America


Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, includingBank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA andSIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.

For more Bank of America news, visit the Bank of America newsroom.



Source: Bank of America

Thursday, March 8, 2012

News Release from Bank of America

BofA Merrill Commercial Card Conference Promotes Innovation in Payments; New Products and Global Footprint Highlighted
NEW YORK--(BUSINESS WIRE)--Mar. 7, 2012-- Last week in San Francisco, Bank of America Merrill Lynch gathered together more than 180 client company representatives from around the world to discuss the evolving trends, innovations and developments in commercial payment solutions for Cards. Under the theme of “Plastics and Beyond: Exploring New Ways to Pay,” the conference drove a debate on the technology-driven change in global payments. Speakers included payments industry specialists, company leaders who have successfully transformed their payments processes, and BofA Merrill’s own experts.

The three-day program offered attendees information on crucial topics, including how a company’s shift toward a fully automated electronic environment translates in the real world, and what companies could expect in terms of internal and external obstacles and benefits when moving payments toward an enterprise wide electronic culture.

Speakers also addressed the impacts of the economic and business environment on the payments industry across the globe, and how emerging technologies are changing the payments landscape. Some of the industry experts who presented at the conference included Wayne Best, chief economist, Visa, Inc., and Ian Bremmer, president, Eurasia Group.

During the conference, BofA Merrill announced enhancements to its card platform, and discussed how its innovative programs can help companies achieve electronic payment migration on a global scale. Among the products and capabilities discussed were:
  • Chip and PIN – the new, more secure card technology offered to companies with employees travelling outside the U.S.
  • Works® – BofA Merrill’s proprietary card management software that has been enhanced with new functionality that aids reconciliation and improves the user experience.
  • Global Footprint – BofA Merrill’s global card offering will be available in more than 70 countries by the end of 2012. The company recently announced plans to offer card solutions in new geographies in Asia, Europe and Latin America, including, Japan, Austria, Denmark, Norway, Portugal, Sweden and Colombia.
“BofA Merrill’s conference provides an excellent venue for clients to meet with their peers and discuss the latest trends, challenges and breakthroughs in the card and Payables industry,” said Kevin Phalen, head of Global Card and Comprehensive Payables. “We are very proud to be moderating this important dialogue, which will ultimately benefit companies everywhere as they increasingly migrate to a global electronic payments environment.”

About Bank of America Merrill Lynch Commercial Card


Bank of America Merrill Lynch is a leading provider of card solutions to large and middle market companies, globally, and to federal, state and local government entities in the United States. BofA Merrill’s Commercial Card group works with these organizations to design integrated ePayments solutions that help unlock working capital while increasing efficiency, visibility and control.
As part of the Global Treasury Solutions business, BofA Merrill’s Commercial Card and Comprehensive Payables group develops strategies and solutions that are closely aligned to the treasury goals of corporate, commercial and government entities.

BofA Merrill cardholders can be served in numerous languages and have access to a worldwide network of more than 32 million credit card merchants and ATMs.

In 2011, the bank added new card solutions in 18 countries, and by the end of 2012, it plans to offer card solutions in more than 70 countries and 29 currencies.

For more information regarding BofA Merrill’s card solutions, please visit http://corp.bankofamerica.com/business/ci/card-solutions.


Bank of America


Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,750 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.

Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and a member of FINRA and SIPC, and, in other jurisdictions, locally registered entities. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.  

Thursday, February 16, 2012

Advertising: Made in America Resonates

Excerpt from an article in The New York Times
Thursday, February 16, 2012

Made-in-America Resonates With Marketers 

By STUART ELLIOTT

BLUE-COLLAR workers in fields like manufacturing — particularly when they make products on American soil — are again becoming a favorite subject for white-collar workers on Madison Avenue.

The trend was born of the economic worries that followed the financial crisis in 2008. Recently, it is gaining steam — appropriate, since the ads often use blasts of steam to signal something is being built — with proposals in Washington to offer incentives to encourage the location or relocation of factories in the United States.

“We continue to see very heavy emotional response to anything that would leverage against the bad economy,” said Robert Passikoff, president at Brand Keys, a brand and customer-loyalty consulting company in New York.

The trend is even extending beyond advertising. For instance, “ABC World News” is running a series of reports under the rubric “Made in America,” in which anchors and reporters celebrate a preference for buying merchandise made in this country.

The most notable moment to date in the trend came on Feb. 5, when Super Bowl XLVI was played, as marketers paid NBC tens of millions of dollars to run commercials with work themes before the game, during the game and during halftime.

Those commercials included spots for General Electric, part of a campaign carrying the theme “G.E. works,” that celebrated products like refrigerators and turbines being built in the United States; a spot that showed a bottle of new Bud Light Platinum beer being produced in a plant that looked more like a factory than a brewery; and a spot for Hyundai, featuring workers employed at its first American factory, in Montgomery, Ala.