17 January 2017
visit http://www.wolterskluwerfs.com

BNY Mellon implements EBPP for Red Cross

02 June 2010  |  3542 views  |  0 Source: BNY Mellon

BNY Mellon Treasury Services today announced the successful deployment of an advanced bill presentment and processing solution used by the American Red Cross to bill hospitals and other health care providers for Red Cross services in connection with the provision of blood products.

Developed by BNY Mellon's ClearTran operation in West Paterson, N.J., the solution provides Red Cross customers with both electronic bill presentment and payment (EBPP) and paper-based billing alternatives, and is seamlessly integrated with the Red Cross treasury operations platform.

"The American Red Cross is the largest single supplier of blood and blood products in the United States, collecting and processing more than 40 percent of the nation's blood supply," said Tim Grouge, Vice President, Shared Services Center, American Red Cross. "We need to be as efficient and effective as possible in our back-office functions. The EBPP solution will help streamline the billing process for hospitals and other constituents who utilize our services."

"The most significant aspect of the solution we're providing to the American Red Cross is its degree of integration," said Kevin Fahey, managing director and head of BNY Mellon's ClearTran operation. "The challenges to integration are well known — the proliferation of EBPP channels, the application of new technologies to traditional lockbox operations, and the growing sophistication of the systems and platforms that connect companies and their concentration banks. Extensive experience and expertise across all aspects of payments processing are absolutely key to overcoming these challenges."

"We're always pleased when our solutions respond to our clients' business needs. The success of the Red Cross solution is particularly gratifying given the critical nature of the Red Cross mission," Fahey said.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit wavestone.co.ukVisit capgemini.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
Five fintech surprises for 2017Five fintech surprises for 2017
15477 views comments | 51 tweets | 49 linkedin
Blockchain impact timeline speeds up, massive cost savings forecastBlockchain impact timeline speeds up, mass...
12527 views comments | 37 tweets | 31 linkedin
Banks face big profit loss to digitisation - McKinseyBanks face big profit loss to digitisation...
12125 views comments | 77 tweets | 91 linkedin
Seven banks plan blockchain platform for SMEsSeven banks plan blockchain platform for S...
9857 views comments | 44 tweets | 36 linkedin
Swift goes deeper into the blockchainSwift goes deeper into the blockchain
9146 views comments | 30 tweets | 42 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job