NEW YORK, October 16, 2014 — BNY Mellon, a global leader in investment management and investment solutions, will be demonstrating a new Payment Analytics Service for Treasury Services clients at the 2014 AFP Annual Conference in Washington, D.C.
Currently in the pilot stage of development, the new service complements Intraday Liquidity Analytics, a service introduced by BNY Mellon last year that helps clients address liquidity transparency and intraday overdraft coverage requirements. Payment Analytics provides clients with a powerful tool for analyzing their payments. Payments processed on a Straight-Through-Processing basis are identified, and detailed information is provided around all repair wires. Users can use the repair wires data to make corrections going forward that will expedite payments and reduce fees. Reporting is provided in an easy-to-understand, action-oriented graphical format, and includes information in a number of key categories, including payments by account, time interval, beneficiaries, and payment channels.
"Our approach to product development at BNY Mellon has always attached a lot of importance to feedback from clients and prospective users," said Gregory Malosh, managing director and head of Information & Liquidity Services for BNY Mellon's Treasury Services business. "AFP's a great venue for engaging treasury and corporate finance leaders, and the timing for this year's conference gives us a perfect opportunity to preview this exciting new service and get some marketplace reaction as we complete the pilot phase of development."
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services and cash management. It helps clients optimise cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS and overall funds transfer markets. Earlier this year, BNY Mellon launched its new global payments infrastructure which over time will process any payment on a single platform, anywhere – irrespective of its value, currency or clearing mechanism. The company is also a recognised leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2014, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
Contact: Ron Sommer
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