NEW YORK, August 8, 2011 — BNY Mellon, the global leader in investment management and investment services, has expanded its Treasury Services group's extensive electronic billing and payment processing capabilities to include notifications via SMS text messaging. BNY Mellon Treasury Services is providing SMS text messaging as part of its ClearTran Electronic Payment Acceptance solution.
"Operating efficiency, convenience and the environmental benefits of paperless billing are combining to make electronic billing increasingly attractive for our clients," said Susan Skerritt, executive vice president and head of business strategy and market solutions for BNY Mellon Treasury Services. "ClearTran has positioned us as a leader in supporting that transformation, first via desktop PC, and now mobile devices. The ability to provide notifications, and eventually even approvals, via SMS text messaging adds an important new dimension to our bill presentment and payment processing solutions."
With locations six continents and a network of more than 2,000 correspondent financial institutions, BNY Mellon Treasury Services delivers high-quality performance in global payments, trade services, cash management, capital markets, foreign exchange and derivatives. It helps clients optimize cash flow, manage liquidity and make payments more efficiently around the world in more than 100 currencies. Processing more than $1.7 trillion in payments transactions on a daily basis, the company is a top-five participant in both the CHIPS and overall funds transfer markets, and is a recognized leader in the delivery of white-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.