BankAmerica Corp. and Barnett Banks Inc. have won separate contracts to
BankAmerica will process about $610 million in monthly cash receivables
The contract announcements usher in a long-anticipated consolidation of
Historically it has maintained cash management relationships with about
But in an effort to simplify its operations and increase its clout with
About 40 "relationship banks" will receive large shares of the corporate
Nationwide the Postal Service collects up to $500 million per day.
Four banks manage the cash flows for the 2,150 California-based post
Postal Service officials did not disclose the financial terms of the