BNY Mellon has expanded its analytical support for treasury services clients with the launch of Payment Analytics. Designed for institutional clients with high levels of wire transfer utilization, Payment Analytics provides real-time updates on straight-through processing (STP) success rates, information on the type and number of payment queries, and trend data that clients can use to improve payment processing.
Payment Analytics provides reporting on payments by account, time intervals, beneficiaries and payment channels. Detailed information on repair wires can help in reducing repair fees and provide a more immediate release of funds to payees. Available to select global clients on a pilot basis for the past several months, Payment Analytics complements BNY Mellon’s Intraday Liquidity Analytics service. Provided via BNY Mellon’s TreasuryEdgeSM portal, the two analytical services provide not just processing and transaction support, but also ‘big data’-based analytical insights.
“Our leadership position in USD-denominated payments for institutional clients was built on a solid foundation of efficiency, experience, reliability and global reach,” said Gregory Malosh, managing director and head of information and liquidity products for BNY Mellon’s Treasury Services business. “Initiatives like Payment Analytics and Intraday Liquidity Analytics are enabling us to deliver entirely new dimensions of service to our clients. We’re leveraging BNY Mellon’s technological strengths to give clients significantly enhanced levels of immediacy and insight into their liquidity and cash management practices.”
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