WESTLAKE VILLAGE, Calif.: 16 June 2014 — Bank of America Merrill Lynch Corporate and Commercial Banking has been recognized for contact center operation customer satisfaction excellence in the Live Phone channel for a fifth consecutive year under the J.D. Power Certified Contact Center Program.SM The Certified Contact Center Program distinction acknowledges a strong commitment by the Bank of America Merrill Lynch Corporate and Commercial Banking contact center operations to provide “An Outstanding Customer Service Experience.”

To become certified, the contact centers successfully passed a detailed audit of more than 100 practices that encompass their recruiting; training; employee incentives; management roles and responsibilities; and quality assurance capabilities. As part of its evaluation, J.D. Power conducted a random survey of Bank of America Merrill Lynch Corporate and Commercial Banking customers who recently contacted the company’s contact centers in Brea, CA; Jacksonville, FL; Charlotte, NC; and Norfolk, VA.

“Congratulations to the Bank of America Merrill Lynch Corporate and Commercial Banking contact centers for earning certification for the fifth consecutive year,” said Mark Miller, senior director at J.D. Power. “Their commitment to delivering an excellent customer experience in the Live Phone channel is evident and indicates that putting their customers first is a priority.”   

“Delivering outstanding service to our clients is an absolute differentiator. Our strategy revolves around every employee owning the client experience and using every interaction as an opportunity to delight and strengthen relationships,” said Bill Pappas, chief information officer of global wholesale banking technology and operations at Bank of America Merrill Lynch. “We’re excited to be recognized by J.D. Power for the fifth year in a row. It reinforces our commitment to deliver quality service, and helps us maintain our momentum as we continue to connect with clients in new and better ways.” 

For certification status, a contact center must also perform within the top 20 percent of customer service scores, which are based on benchmarks established in J.D. Power’s cross-industry customer satisfaction research. The evaluation criteria include the customer service representative’s courtesy, knowledge and concern for the customer; promptness in speaking to a person; and timely resolution of the problem or request. Additionally, the experience with the automated phone system is evaluated based on the clarity of the information provided, the ease of navigating the phone menu prompts and the ease of understanding the phone menu instructions.

“Delivering a world-class client experience is the cornerstone of building long-standing client relationships,” said Alastair Borthwick, head of global commercial banking at Bank of America Merrill Lynch. “We appreciate this recognition by J.D. Power as it speaks to our successful commitment to deliver the quality of service that our clients have come to expect.”

The Certified Contact Center Program was launched by J.D. Power in 2004 to evaluate overall customer satisfaction with contact centers and to help contact centers in various industries increase their efficiency and effectiveness by establishing and continually updating leading practices for handling service calls.

For more information on the Certified Contact Center Program, please visit JDPower.com.

About J.D. Power

J.D. Power is a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. Headquartered in Westlake Village, Calif., J.D. Power has offices in North/South America, Europe and Asia Pacific. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power is a business unit of McGraw Hill Financial.

About McGraw Hill Financial

McGraw Hill Financial (NYSE: MHFI) is a leading financial intelligence company providing the global capital and commodity markets with independent benchmarks, credit ratings, portfolio and enterprise risk solutions, and analytics. The Company's iconic brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power, and McGraw Hill Construction. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mhfi.com 

Media Relations Contacts

John Tews; Troy, Mich.; 248-680-6218; [email protected]

Mark Pipitone; Bank of America; Charlotte, N.C.; 980-387-4907; [email protected]

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Media Contacts:

John Tews

Troy, Michigan

(248) 680-6218