Bank of America Merrill Lynch has announced enhancements to CashPro Mobile, including the addition of fingerprint and facial recognition and an embedded token that allows users to securely access the application and complete payment approvals.
Companies use the CashPro banking platform to manage their everyday treasury needs. The platform has more than 475,000 active users among the bank’s commercial, large corporate, and business banking clients. More than 28,000 payment approvals were made via CashPro Mobile in the first quarter of 2018 - a jump of 188% from the same period in 2017.
With CashPro Mobile’s integrated token feature, users no longer have to jump between the mobile app or token app or carry their physical token. The secure biometric authentication through fingerprint or facial recognition offers a simplified sign-on experience, providing stronger security than passwords do.