Products & Services

BNY Mellon Asset Servicing is one of the largest providers of benefit payment services. Our state-of-the-art benefit payment system offers many new features and enhanced capabilities that will streamline your benefit disbursement process and improve the service that we can provide both to you and to your participants.
Highlights of our system include:

• The opportunity to select multiple ACH deposit options - pensioners can choose to have specific amounts deposited into more than one bank account
• Daily disbursement registers reflecting adjustment activity — this feature will give your staff the ability to view all adjustment activity
including check reissues, off-cycle payments, and funding information
• Increased report flexibility — our system will allow reports to be generated on a daily, monthly, or as-needed basis

In addition, BNY Mellon Asset Servicing's Workbench technology will enable you to obtain electronic copies of a wide array of reports, securely and conveniently, from any PC with Internet access. This user- friendly tool will enable you to search for account and participant data so that everything you need is at your fingertips.