Companies

BNY Sends Largest Instant Payment in U.S. History, $10 Million Following Transaction Limit Increase

The Clearing House

"The Clearing House and The Bank of New York Mellon Corporation announced the completion of the largest instant payment in U.S. history and the first-ever payment on the RTP® network exceeding $1 million, following the recent increase in the network’s transaction limit. The $10 million inter-company liquidity management payment, from Computershare, to an account at another financial institution, marks a milestone in the evolution of instant payments."

Tags: Bank of New York Mellon The Clearing House (TCH)

Companies Global

BNY, Mizuho Announce Partnership On Trade Services

Global Finance Magazine

"BNY and Mizuho Bank, the oldest banks in the US and Japan, respectively, announced an agreement to expand their correspondent bank network to help facilitate international trade. Powered by BNY’s Trade Network Access Service, the agreement allows both banks to access each other’s Relationship Management Applications (RMAs)."

Tags: Bank of New York Mellon

Companies

How ISO 20022 Is Helping BNY Navigate the Future of Payments

SWIFT

"We’re entering a critical phase of the global ISO 20022 adoption. With the end of the MT/ISO 20022 cross-border coexistence period coming in November 2025, Fedwire scheduled to migrate in March 2025, and multiple post-migration milestones on the horizon in 2026, we spoke to Isabelle Bouille from BNY about their journey to ISO 20022 adoption."

Tags: Bank of New York Mellon Swift

Companies

BNY Mellon Launches Virtual Account-Based Solutions

BNY Mellon

"BNY Mellon announced the launch of Virtual Account Based Solutions, a new cash management solution providing clients with enhanced access to and control of cash administration activities and reporting capabilities."

Tags: Bank of New York Mellon

Companies

BNY Mellon Launches Bankify

PR Newswire

"BNY Mellon today announced the launch of BankifySM, an open banking payments solution that helps organizations receive consumer payments from bank accounts, with a seamless user experience and that offers guaranteed funds for business receivables."

Tags: Bank of New York Mellon

Companies

BNY Mellon Joins the FedNow® Service, Advancing U.S. Payment System

PR Newswire

"BNY Mellon today announced it is now live on the Federal Reserve's new instant payment rail, the FedNow Service , making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services."

Tags: Bank of New York Mellon

Companies

BNY Mellon & MoCaFi to Bring Digital Payments Innovation to Underserved Communities Across the U.S.

PR Newswire

"BNY Mellon and MoCaFi, a Black-founded fintech platform leading financial empowerment for traditionally underserved communities, have formed a strategic alliance to extend payment options to unbanked and underbanked communities in the U.S."

Tags: Bank of New York Mellon

Companies

BNY Mellon | Pershing Adds Real-Time Payments to Its NetXInvestor® Platform

PR Newswire

BNY Mellon | Pershing announced today that it is integrating Real-Time Payments (RTP) technology into its NetXInvestor® platform, an investor portal used by broker-dealer and registered investment advisor firms to help clients manage their portfolios...BNY Mellon has been at the forefront of innovating in the digital payments space, including launching the first-of-its-kind real-time electronic billing and payment solution. The pioneering capability enables U.S. businesses to present digital bills to consumer clients in real-time and receive instant payment via their preferred online and mobile banking channels.

Tags: Bank of New York Mellon

Companies

Conduent Collaborates with BNY Mellon to Launch New Digital Hub that Expands Access to Faster, Easier and Secure Payments

GlobeNewswire News Room

“Conduent Incorporated, a global technology-led business process solutions company, today announced the launch of its new Digital Integrated Payments Hub enabling businesses and public sector agencies to access secure, faster, and cost-effective options to send, request or receive payments. By integrating the payment capabilities of BNY Mellon’s trusted infrastructure, Conduent’s new Digital Integrated Payments Hub speeds up refunds, rebates, and overpayment remediations from as many as 10 days to a matter of minutes, while providing the ability to conveniently and transparently track transactions. Conduent is the first business process outsourcing provider to offer a centralized platform consolidating different payment processes and systems, including the latest solutions such as Real Time Payments from The Clearing House and Zelle®, reducing the cost of paper checks and creating an enhanced customer experience.”

Tags: Bank of New York Mellon Conduent