An industry leader in the delivery of global payment services to large corporations and institutions, BNY Mellon will utilize the MasterCard Payment Gateway as an electronic B-to-B payments network connecting clients with their suppliers. The MasterCard Payment Gateway will enable BNY Mellon to expand how it addresses its corporate customers' needs across a broad set of spend categories and large value payments. Integration of the Gateway is scheduled for completion by the end of this year.

"Making the benefits of electronic payments processing more readily accessible to our clients is a key strategic focus for us," said Al Briand, managing director and head of product development and strategic development at BNY Mellon Treasury Services. "The ability of new, innovative B-to-B card programs to deliver the advantages of straight through processing - speed, reliability, efficiency and compatibility with advanced cash management strategies and systems - make them a perfect fit for our suite of payment solutions."

"With payments as our core business, MasterCard is focused on providing BNY Mellon and its corporate clients with flexible payment processing capabilities that can easily integrate with and enhance existing ERP and electronic invoicing investments," said Shari Krikorian, Vice President, Innovative Platforms, MasterCard Worldwide. "The global scope of BNY Mellon's payments program, its track record for innovation and knack for incorporating client-friendly modular enhancements to its platforms make it an important addition to our growing roster of Payment Gateway users, and we look forward to working with BNY Mellon on the successful integration of the Gateway into its suite of solutions."