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BNY Mellon launches new payment platform

1(1)BNY Mellon has rolled out its new global payments infrastructure in London. The bank has also revealed that it is to join the CHAPS scheme in the UK as a direct settlement member. The bank has developed its new technology platform in cooperation with Clear2Pay and previously launched it on euro accounts processing in Frankfurt, Germany, at the turn of the year. The London launch of the new global payments infrastructure was revealed by Alan Verschoyle-King, the bank’s global head of client management, treasury services, who said there was ‘much much more to come from this new platform’. The real-time payments platform uses Clear2Pay support and adapted technology to provide a scalable and ‘future-proofed’ payments processing platform that is flexible and can handle volume growth, changing payment geographies with the rise of south-south trade, and new payment types such as mobile transactions.

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