Update at a Glance

February 23, 2009

The Bank of New York Mellon Treasury Services Receives Outsourcing Awards

Global Finance magazine has recognized The Bank of New York Mellon's Treasury Services Division for two important awards in its 2009 survey of Best Treasury and Cash Management Banks — Best White Label System Provider and Best Accounts Payable Services Provider.

This is the second consecutive year the magazine has recognized The Bank of New York Mellon as Best White Label System Provider for the comprehensive treasury products and services it offers to client banks through BNY Mellon Enterprise Treasury Services (Enterprise).

Enterprise's comprehensive suite of solutions includes private-label and back-office outsourcing solutions that encompass cash management, trade finance services, international payments and more.

SourceNet Solutions, a part of The Bank of New York Mellon's Treasury Services Division, received the magazine's Best Accounts Payable (AP) Services Provider recognition. The award comes on the heels of SourceNet's recent ranking for the third consecutive year as the No. 1 AP outsourcing services vendor in the 2008 Top 50 Best Managed Global Outsourcing Vendors list, compiled by the Brown-Wilson Group.

Through its AP outsourcing capabilities, SourceNet offers comprehensive AP solutions with lower costs, improved controls, audit ability and access to proven tools and processes without the need for the associated up-front capital expenses.

The yearly awards, based on evaluations by the publication's editors, industry analysts, corporate executives and technology experts, rank the industry's best providers of treasury and cash management services in several categories, including: profitability, market share and reach, customer service, competitive pricing, product innovation, and the extent to which treasury and cash management banks have successfully differentiated themselves from competitors.

According to Eric Kamback, chief executive officer for The Bank of New York Mellon Treasury Services, "We are proud that our years of experience, ongoing technology development and continuing investments in our outsourcing capabilities have resulted in our leading-provider status for reliable, effective outsourcing solutions."

Complete results from this year's survey will appear in the magazine's March issue.

For more information on The Bank of New York Mellon's outsourcing awards from Global Finance, please contact our business professionals at 1 800 424 3004 (Option 2) or e-mail us at treasury@bnymellon.com.