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Iberiabank selects Bank of New York Mellon remittance system

17 November 2008  |  1875 views  |  0 Source: Bank of New York Mellon

The Bank of New York Mellon, the global leader in asset management and securities servicing, today announced that it will be providing its Remit Worldwide private-label global remittance services solution to Iberiabank and Pulaski Bank and Trust Company, the two bank subsidiaries of Iberiabank Corporation.

Provided by The Bank of New York Mellon's Treasury Services group, Remit Worldwide(SM) is a robust private-label solution that will enable clients of IBERIABANK and Pulaski Bank and Trust Company to remit funds directly to beneficiaries in other countries. A major form of cross border funds transfer, remittances are an important banking tool for bank clients with beneficiaries abroad.

"We are committed to offering a comprehensive portfolio of banking products and services designed to meet the needs of our diverse client base," said Don Ledet, Executive Vice President, who oversees product development for both institutions. "We recognize that population shifts in both Louisiana and Arkansas require us to be ready to adapt to changes in the communities we serve."

"We're committed to making it easier for banks to participate in the growing remittance market, and the continued growth of Remit Worldwide(SM) reflects our success adding important features and functionalities," said Wendy Miller, Director of Remittance Services with The Bank of New York Mellon. "Some of these innovations, notably the compliance enhancements announced earlier this month, make Remit Worldwide(SM) an even better solution for our client banks. Others, like the new text messaging feature that allows remitters in the U.S. to send text messages to payees overseas alerting them to remittance transactions, are making Remit Worldwide(SM) even more attractive to the clients of banks that use our service."

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