{
  "id": 7986588,
  "title": "European Companies Shift Treasury to Mobile With Bank of America CashPro",
  "url": "https://urgent.news/2026/09/17/european-companies-shift-treasury-to-mobile-with-bank-of-america",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-17T08:00:59.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/news/payment-methods/mobile-payments/2026/european-companies-shift-treasury-to-mobile-with-bank-of-america-cashpro/"
  },
  "original_language": "en",
  "account": "Bank of America’s CashPro App, a digital platform for treasury tasks, enabled European companies to process over €100 billion in payments during the first seven months of the year, according to a press release shared with PYMNTS on September 17. The period saw a 25% increase in transaction volume and a 21% rise in payment value, as European companies increasingly relied on the mobile CashPro App to handle time-sensitive treasury operations. With 74% of users now opting for a CashPro mobile token to authenticate and access the platform, Matthew Davies, head of Global Payments Solutions EMEA at Bank of America, emphasized that mobile is now integral to daily treasury workflows, offering flexibility and security to manage critical tasks anywhere. CashPro, utilized by more than 35,000 companies globally, received valuable insights from client feedback, driving ongoing updates. Clients have praised the app's capabilities, prompting Bank of America to expand its functionalities. Notably, the CashPro Forecasting solution, which helps over 3,000 companies save over 250,000 hours annually by automating manual forecasting tasks, was highlighted as a success. In October, Bank of America reported record adoption of CashPro Chat and transaction search, with usage up 21% year-over-year, indicating a strong demand for real-time insights and operational efficiency. Tom Durkin, global product head of CashPro at Bank of America, emphasized that the platform's transformation is driven by AI, real-time data, and digital capabilities, catering to the growing demand for productivity and efficiency in cash, payments, and receivables management.",
  "summary": "Bank of America’s digital platform for treasury tasks, CashPro App, was used by European companies to approve more than €100 billion (about $115 billion) in payments in the first seven months of the year, the bank said in a Thursday (Sept. 17) press release emailed to PYMNTS. During that period, European companies’ transaction volume rose […] The post European Companies Shift Treasury to Mobile…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}