BNY Mellon Treasury Services has expanded its Payment Decision Service to accommodate payments in euros, British pounds and Australian dollars in addition to U.S. dollars.
The service helps client banks to manage currency conversions while making cross-border payments and automatically applies instructions agreed upon between BNY Mellon and clients as customized and automated filters.
“The continuing evolution of Payment Decision Service reflects our disciplined approach to developing a fully integrated, best-in-class suite of cross-border solutions that meets the needs of both payers and financial institutions in today’s global economy,” says Susan Skerritt, executive vice president and global head of business strategy & market solutions for BNY Mellon’s Treasury Services group.
(CG)