Bank of America 1999 Annual Report Download - page 27

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Please find page 27 of the 1999 Bank of America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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application, the stock quote or, perhaps,
the symphony tickets — will be waiting.
We’re creating new value for
commercial and corporate clients.
It would be easy to view the Internet
simply as a new distribution channel for
traditional products and services. But
networking technology inherent in the
Internet presents endless opportunities
to create value for customers and clients
through innovation.
Our Internet solutions for large
companies begin with Bank of America
Direct, our full-service, Web-based
transaction and information network.
While this network today primarily han-
dles treasury management functions for
our corporate and commercial clients,
we are building enhancements that will
enable them to conduct all of their
working capital activities directly over
the Internet. Today, we’ve integrated our
coast-to-coast imaging capabilities for
wholesale lockbox with Bank of
America Direct giving our clients secure,
encrypted access to images of checks
and remittance documents via the
Internet. Our clients also can initiate
foreign currency wires and drafts
through Bank of America Direct to
make multi-currency payments to
overseas suppliers or employees.
Moreover, Bank of America Direct
provides our clients the most advanced
security available on the Internet. Bank