Bank of New York Mellon signs KeyPoint CU to remittance system

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 KeyPoint Credit Union, one of the world's most technologically advanced credit unions.

Provided by The Bank of New York Mellon's Treasury Services group, Remit WorldwideSM is a robust private-label solution that will enable KeyPoint members 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.

"Since our inception, we have focused on technology as the key resource in meeting the banking needs of our members," said Juli Anne Callis, KeyPoint Executive Vice President and Chief Operating Officer. "The Bank of New York Mellon's Remit Worldwide platform measures up to the global interests and technologically advanced expectations of our members, and we're delighted to be adding remittance payments to our extensive list of service offerings."

"Remit Worldwide reflects our continuing commitment to combining superior banking technology with our global network of banking relationships and extensive experience as a provider of banking services," said Eric Kamback, Chief Executive Officer, Treasury Services, with The Bank of New York Mellon. "We're excited about the prospect of providing our remittance solution to a client with such a rich tradition of technological innovation."

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