26 July 2016
Find out more

BNY Mellon extends currency clearing coverage for cross-border payments

24 September 2012  |  1496 views  |  0 Source: BNY Mellon

BNY Mellon, the global leader in investment management and investment services, today announced the expansion of its Payment Decision Service, a fully automated offering that significantly enhances the ability of client banks to manage currency conversions while making cross-border payments.

Leveraging the high level of straight through processing efficiency and reliability that have made BNY Mellon a leader in USD-denominated payment clearing services, this enhancement expands Payment Decision Service to accommodate payments in Euros (EUR), British Pound Sterling (GBP) and Australian dollars (AUD).

Payment Decision Service automatically applies instructions agreed upon between BNY Mellon and the client as customized and automated filters, with the ensuing currency conversion and payment execution completed within the instruction guidelines. Client support is an important aspect of BNY Mellon's Payment Decision Service offering, with the service supported by a dedicated inquiry team that provides quick and seamless turnaround on all inquiries and investigations.

"The continuing evolution of Payment Decision Service reflects our disciplined approach to developing a fully integrated, best-in-class suite of cross-border solutions that meets the needs of both payers and financial institutions in today's global economy," said Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon's Treasury Services group.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
satelliteContactless Bitcoin startup Plutus Tap &am...
9249 views comments | 9 tweets | 4 linkedin
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
9219 views 14 comments | 32 tweets | 38 linkedin
Apps crush internet for UK banking loginsApps crush internet for UK banking logins
7726 views comments | 18 tweets | 25 linkedin
Thomson Reuters and Imperial College form fintech and regtech research partnershipThomson Reuters and Imperial College form...
5892 views comments | 29 tweets | 16 linkedin
hands typing furiouslyHow machine learning can cut costs on tran...
5891 views 0 | 9 tweets | 2 linkedin

Featured job

Find your next job