Press Releases
Mellon Enterprise Cash Management to Host Free Cyberconference on Increasing the Efficiency and Controls of Foreign Currency Payments
PITTSBURGH, November 15, 2005 — Mellon Enterprise Cash Management will host a free cyberconference on "Increasing the Efficiency and Controls of Foreign Currency Payments" on Thursday November 17 from 2-3 p.m. EST. Participants can register by logging onto www.mellon.com/ecm or by calling 1-800-424-3004.
In the rapidly changing global marketplace, businesses and banks need to execute timely, well-controlled international payments. However, due to time spent executing payment instructions and tracking information, cost-savings opportunities and efficiency may sometimes fall short of the target. For those investing too much time and energy in the international payment process, Mellon Enterprise technology and expertise can support process streamlining, while also improving efficiency, controls and reporting capabilities. Cyberconference participants also will learn how their banks and business customers can better execute international transactions, benefit from end-to-end payment tracking and reporting, and understand the "must have" features offered by a foreign payments provider.
Mellon GCM provides a full range of cash management outsourcing solutions to financial institutions through its Enterprise business unit. Available services include wholesale and retail lockbox, controlled disbursement, positive pay, account reconciliation, data exchange, electronic cash management information reporting, wire transfer and ACH origination. Banks that private label/outsource cash management services can realize the benefits of significant fee-based revenues, while avoiding considerable capital investments.
Mellon Global Cash Management, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions. Recently, an independently-administered customer satisfaction survey revealed that Mellon GCM continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service. In addition, Mellon GCM was one of only two providers to achieve an A+ average for product performance in the 2004 Phoenix-Hecht® Quality IndexTM of 33 major cash management providers. Throughout 2005, Mellon GCM is celebrating its 50th anniversary in remittance processing. In addition, Mellon GCM is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model® (CMM®) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at www.mellon.com/gcm.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.5 trillion in assets under management, administration or custody, including