Dow Jones

PRINCETON, N.J. - Merrill Lynch & Co. is expanding its online banking services for small and medium-size businesses financed or advised through the company's Working Capital Management account.

In a press release Monday, the financial management company said the Cash Manager service provides information reporting, transaction processing, and enhanced security.

A Merrill Lynch spokeswoman said Cash Manager is available to more than 160,000 businesses, which have total assets of more than $100 billion. Clients access the service through the company's business center Web site, which also offers a procurement management system with works.com. - Dow Jones

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